Inflation and Consumer Price Indices in May 2024

In May 2024, the monthly inflation rate, measured by the Consumer Price Index (CPI), was -0.2% compared to the previous month, and the annual inflation rate in May 2024 compared to May 2023 was 2.3%.

In May 2024, compared to the previous month, the highest decrease was registered in the following groups: ‘Communications’ (-1.5%), ‘Recreation and culture’ (-1.0%), ‘Transport’ (-0.9%) and ‘Food and non-alcoholic beverages’ (-0.5%). The highest increase in the prices was recorded in the groups: ‘Alcoholic beverages and tobacco’ (+1.0%), ‘Restaurants and hotels’ (+0.6%), ‘Clothing and footwear’ (+0.6%) and ‘Miscellaneous goods and services’ (+0.6%).

The monthly inflation rate, measured by the Harmonised Index of Consumer Prices (HICP), was 0.0% and the annual inflation rate was 2.7%.