CPI and Inflation Report May 2017 - 16.25%

The Consumer Price Index (CPI) which measures inflation increased by 16.25 percent (year-on-year) in May 2017. This was 0.99 percent points lower the rate recorded in April (17.24percent). Accordingly, this represents the fourth consecutive decline in the rate of inflation since January 2017.

On a month-on-month basis, the Headline index increased by 1.88 percent in May 2017, 0.28 percent points higher than the rate of 1.60 percent recorded in April 2017 indicating the existence of persistence pressure on prices despite the general decline in year on year inflation. Month on Mont inflation has cumulatively risen by 7.7% since January 2017.

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SOURCE: NBS