Inflation on the rise

The annual inflation rate rose to 6.2 percent in May 2021, an increase of 0.6 of a percentage point on the April 2021 rate of 5.6 percent. The main drivers to the May 2021 annual inflation rate were; Transport ( 2.2 percent), Housing, Water, Electricity, Gas & Other Fuels ( 1.1 percent), Food & Non- Alcoholic Beverages ( 0.9 percent), Miscellaneous Goods & Services( 0.5 percent) and Alcoholic Beverages & Tobacco( 0.5 percent). In contrast, the inflation rates for regions between April 2021 and May 2021 indicates that the Cities & Towns inflation rate rose by 0.6 of a percentage point, from 5.5 percent in April to 6.1 percent in May. The Urban Villages inflation rate was at 6.5 percent in May, also showing an increase of 0.6 of a percentage point on the April rate of 5.9 percent. The Rural Villages rate went up by 0.5 of a percentage point, from 5.2 to 5.7 percent.