Consumer Price Indices and Inflation Rates – May 2024
About Report
Statistical Releases
CPI and Inflation Rates
May
2024
Overview
The annual headline inflation rate as measured by the Consumer Price Index (CPI) increased to 5.1 per cent, in May 2024 from 5.0 per cent in April 2024. This means that the general price level in May 2024 was 5.1 per cent higher than that of May 2023. The price increase was mainly driven by rise in prices of commodities under Transport (8.1%); Food and Non-Alcoholic Beverages (6.2%); and Housing, Water, Electricity, Gas and other fuels (4.4%) between May 2023 and May 2024.