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Tuesday June 15, 2010

Inflation Down By 1.1% In Year

Consumer Prices in May, as measured by the CPI, increased by 0.6% in the month. This compares to a decrease of 0.5% recorded in May of last year. Prices on average, as measured by the CPI, were 1.1% lower in May compared with May 2009.

The EU Harmonised Index of Consumer Prices (HICP) increased by 0.3% in the month, compared to a decrease of 0.4% in May of last year. As a result, prices on average, as measured by the HICP, were 1.9% lower in May compared with May 2009.

The annual rate of inflation for Services was 0.5% in the year to May, while Goods decreased by 2.8%.

The CPI excluding tobacco index for May increased by 0.5% in the month and was down by 1.2% in the year. The CPI excluding energy products rose by 0.5% in the month and fell by 2.3% in the year. The CPI excluding mortgage interest increased by 0.2% in the month and was down by 1.6% in the year.

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