For the first time since 2002 a negative annual change in the Consumer Price Index (CPI) at 0.5% was recorded in May this year, according to the official website of the National Bank .

Thanks to steady monetary policy the annual core inflation keeps declining (down to 4.2% as of end of May).

According to NBU information, slowdown in food prices with a high degree of processing, comprising the CPI base is down to 11.1% annually under the influence of secondary effects from lower prices for raw foods.

Non-base CPI also tends to slowdown with 4.2% of decline - the result of lower prices for raw foods and high yield of the last year.

The price rise for goods and services, regulated manually, has slowed down to 0.5%. The price for fuel also tends to slowdown - down to 10% as of May.

The NBU also informed that price rise rate for industrial production continues declining, making 4.3% as of May, due to the decline of the world demand for industrial goods.


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