Year-on-year, inflation eased for housing & utilities (4.4 percent vs 4.7 percent in April), mostly due to a slowdown in the price of electricity, gas and other fuels (5.3 percent vs 5.8 percent); transport (0.1 percent vs 3.7 percent), as cost rose less for diesel (5 percent vs 6.8 percent) and it declined for air fares (-16.2 percent vs 19.8 percent); and restaurants & hotels (3.2 percent vs 3.7 percent), namely accomodation services (3.7 percent vs 4.2 percent). Also, prices continued to fall for food & non-alcoholic beverages (-0.2 percent vs -0.1 percent), of which meat (-0.7 percent vs -0.5 percent); coffee, tea and cocoa (-0.5 percent vs 0.3 percent) and mineral waters, soft drinks, fruit & vegetable juices (-1.4 percent vs 0.7 percent); clothing & footwear (-1.3 percent vs -1.1 percent); communications (-6.1 percent vs -3.3 percent) and furnishings (-3.9 percent vs -3.6 percent).
On the other hand, cost rose faster for recreation & culture (0.4 percent vs 0.1 percent); alcoholic beverages & tobacco (2.7 percent vs 2.4 percent), on higher prices for tobacco products; and health (0.7 percent vs 0.6 percent).
Annual core inflation, which excludes energy and unprocessed food, fell to 0.6 percent in May from 1.4 percent in April.
On a monthly basis, consumer prices dropped 0.1 percent, after a 0.4 percent rise in the prior month. The largest downward contribution to the CPI in the month were tarnsport (-0.23 percent) and communications (-0.08 percent) while the divisions which caused the largest upward contribution were restaurants & hotels (+0.09 percent) and housing, water, electricity, gas & other fuels (+0.05 percent).
The harmonized index of consumer prices rose by 1.0 percent from the previous year (vs 1.7 percent in April); and decreased by 0.1 percent from the previous month (vs 0.4 percent in April).