Ministry of Economy: Deflation will drop to 0.7% in May

Deflation will fall to 0.7 percent in May, compared with 1.1 percent in April, according to analysts from the Ministry of the Economy. "The Ministry of the Economy expects prices to grow by 0.2 percent and inflation will stand at -0.7 percent in May," announced the ministry in a statement. On Thursday, the Central Statistical Office (GUS) informed that consumer deflation amounted to 1.1 percent in April.