Inflation eases to 11.72% in May
The consumer price index (CPI) increased by 0.45 percent in May, compared with the previous month, slightly above market expectations. Economists had expected a rise of 0.35 percent over this period. The annual increase in CPI was 11.72 percent, easing after increases since the beginning of 2017 and a peak in April. The core inflation indicators have a fairly flat outlook in May. The C index, which excludes energy, food, alcoholic and non-alcoholic beverages, tobacco and gold prices, saw an annual rise of 9.38 percent, falling slightly compared with April. There was also a monthly increase in the Producer Price Index (PPI) of 0.52 percent. Similarly, annual PPI, which had risen recently, slowed to 15.26 percent.