Inflation at 13.9% y/y in May according to preliminary data

Consumer inflation amounted to 13.9 percent y/y in May 2022, according to the rapid data estimate, the Central Statistical Office (GUS) said. Compared with the previous month, consumer prices rose 1.7% in April, the GUS also mentioned.

"Prices of consumer goods and services according to the quick estimate in May 2022, compared to the same month last year, increased by 13.9 percent (price index 113.9), and compared to the previous month, increased by 1.7 percent (price index 101.7)," the release reads.

The prices of food and non-alcoholic beverages rose by 13.5 percent y/y, energy carriers – by 31.4 percent y/y, and fuels for private transport increased by 35.4 percent y/y, the release said.

On a monthly basis, the prices of food and non-alcoholic beverages rose by 1.3 percent, energy products – by 3.4 percent, while fuel for private transportation increased by 5 percent, it was also announced.

(ISBnews)