Within the goods component, food inflation eased further to 0.4 percent in May from 1.1 percent in the previous month; while prices of non-food products rose by 3.4 percent, faster than a 2.7 percent gain in April. Also, cost of services went up by 4 percent in May, the same pace as in the precedent period.
Annual core inflation rate picked up to 2 percent in May from 1.9 percent in April.
On a monthly basis, consumer prices increased by 0.4 percent in May, the same pace as in April and matching market expectations. Inflation rose for both non-food products (0.9 percent vs 0.4 percent) and services (0.4 percent vs 0.3 percent), while food prices dropped slightly (-0.1 percent vs 0.4 percent).