Extracted Insight

  • Annual consumer price index (CPI) unchanged at 0.6% year‑on‑year in May, matching April and below the 0.8% analyst forecast.
  • Petroleum product prices increased nearly 18% YoY, attributed to the Middle East conflict, adding upward pressure on inflation.
  • Monthly CPI rose 0.2% in May, driven by higher costs for vegetables, petrol and car rentals.
  • Data released by the Federal Statistical Office; article authored by Editor Maria Ponnezhath.