CPI rises again in May
Inflation is 2.44% led by higher energy and food prices
published : 5 Jun 2021 at 04:00
The consumer price index (CPI), a gauge of headline inflation, rose for a second straight month in May, though the government insists the rate is still manageable and is expected to decelerate later in the year in part because of state subsidy measures.
The Commerce Ministry reported yesterday inflation was 2.44% in May after tallying 3.41% in April, which was the first uptick since March 2020 and the highest jump in eight years, led by higher oil and food prices as well as the end of government subsidies on utility bills.
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Testing the stagflation waters
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Testing the stagflation waters
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