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View Full Version : Inflation increased in May



NewsWhore
06-14-2007, 04:00 PM
Inflation, as measured by the Consumer Price Index (CPI), increased by 1.06% in May due in large part to the increase in international petroleum prices. According to the Central Bank the accumulated inflation for the first five months of the year is at 3.9%. An agreement between the IMF and the government looks to keep the inflation between 4% and 6%. The inflation rate between May 2006 and May 2007 was 6.28%. Inflation of food prices increased only by 0.29% but transport prices were affected by an inflation rate of 3.47%.

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