Annual CPI Inflation Rises to 4.2% in May, Highest Since 2023
Annual consumer price index (CPI) inflation reached 4.2% in May, marking the highest level recorded since 2023. This increase was primarily driven by a surge in energy prices during the period.
Annual inflation, as measured by the Consumer Price Index (CPI), increased to 4.2% in May. This figure represents the highest annual inflation rate observed since 2023.
The surge in the CPI was primarily attributed to a rise in energy prices. This increase contributed significantly to the overall inflationary trend for the month of May.
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