In May 2024, the overall Consumer Price Index (CPI) has decreased by 0.2 per cent year-on-year, from 106.7 in May 2023 to 106.5. The Food and Non-Alcoholic Beverages index registered an increase of 1.6 per cent while the Non-Food index decreased by 0.6 per cent. The Goods index increased by 0.3 per cent, while the Services index decreased by 0.8 per cent.
Compared to April 2024, the CPI has increased by 0.3 per cent on a month-on-month basis. Both Food and Non-Alcoholic Beverages index and Non-Food index recorded an increase by 0.1 per cent and 0.3 per cent respectively.
Periodically, the CPI for January to May 2024 recorded a decrease of 0.3 per cent compared to the same period in 2023 (Table 1).
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