Inflation steady at 4.5%

Annual inflation in May 2014 was lower than the 6.1 percent recorded during the same month in 2013. The downward movement of annual inflation rate between May 2013 and May 2014 was attributed to the decline in prices of commodities especially the main components of transport and food & non-alcoholic beverages, which dropped by 7.2 and 2.4 percentage points respectively.  The inflation rates for regions between April and May 2014 indicated that urban villages’ soared to 4.6 from 4.3 percent, whereas cities and towns’ and rural villages’ decreased to 4.2 from 4.4 percent and to 5.2 from 5.3 percent respectively.