Private road transport cost climbed by 8.1% in May, stronger than the 5.7% rise in the preceding month, mainly on account of the low base in May 2013. Petrol pump prices also edged up at a faster pace than in April.
Accommodation cost rose by 0.9% compared to 1.1% in April, due to a slower pace of increase in imputed rentals on owner-occupied accommodation (OOA).
Services inflation edged down to 2.5% from 2.7% in April, as holiday travel cost and health insurance premiums rose more moderately. Food inflation came in slightly lower at 3.0% in May compared to 3.1% in the previous month, reflecting a smaller increase in non-cooked food prices.
MAS Core Inflation, which excludes the cost of accommodation and private road transport, fell to 2.2% from 2.3% a month ago, due to lower contributions from services and food items.
On a month-on-month basis, the CPI rose 0.5 percent in May after a 0.2 fall in April.