The Consumer Price Index increased by 1.81% for May 2024
The Department of Statistics issued its monthly report on the Consumer Price Index (CPI) for May 2024, which recorded an increase of 1.81% compared to the same month of 2023 and a slight increase of 0.07% (less than one percentage point) compared to April 2024. On the accumulative level, the Index number for the first five months of 2024 has increased by 1.65% compared to the same period in 2023.
Accordingly, the CPI for May 2024 has reached 110.58 compared to 108.62 for the same month in 2023 and the CPI for May 2024 has reached 110.58 compared to 110.50 for the previous month of the same year. On the accumulative level, the Index number for the first five months of 2024 has reached 110.29 compared to 108.50 for the same period in 2023.