Consumer Prices in May, as measured by the CPI, decreased by 0.1 percent in the month. This compares to no change recorded in May of last year. Prices on average, as measured by the CPI, were 0.4 percent higher in May compared with May 2012.
The annual rate of inflation for Services was 1.8 percent in the year to May, while Goods decreased by 1.3 percent. Services, excluding mortgage interest repayments, increased by 2.8 percent in the year since May 2012.
The CPI excluding tobacco for May decreased by 0.1 percent in the month and was up by 0.3 percent in the year. The CPI excluding energy products remained unchanged in the month and increased by 0.6 percent in the year. The CPI excluding mortgage interest decreased by 0.1 percent in the month and rose by 0.9 percent in the year.
The divisions which caused the largest upward contribution to the CPI in the year were: Restaurants & Hotels (+0.27 percent), Alcoholic Beverages & Tobacco (+0.24 percent), Miscellaneous Goods & Services (+0.23 percent) and Food & Non-Alcoholic Beverages (+0.16 percent).
The divisions which caused the largest downward contribution to the CPI in the year were: Transport (-0.22 percent), Furnishings, Household Equipment & Routine Household Maintenance (-0.14 percent) and Clothing & Footwear(-0.13percent).
6/13/2013 11:28:03 AM