Within the goods component, non-food products prices advanced 3.8 percent, easing from a 4.5 percent rise in the previous month while food cost jumped 6.4 percent, accelerating from a 5.9 percent gain in April. Also, services inflation went up to 5.1 percent from 5 percent in the prior month.
Annual core inflation rate climbed to 4.7 percent in May from 4.6 percent in the previous month. It was the highest rate since February of 2017.
On a monthly basis, consumer prices went up 0.3 percent, the same as in the previous month and matching market consensus. Upward pressure came from all main categories: food (0.4 percent, the same as in April); non-food products (0.2 percent, the same as in April); and services (0.4 percent from 0.2 percent).