Macedonia’s CPI inflation accelerates to 3.4% y/y in May 2013.

By bne IntelliNews June 3, 2013

Consumer price inflation stood at 3.4% y/y in May, speeding up from 3.3% y/y in April, according to data of the statistics office. Higher annual growth of consumer prices of food, clothing and footwear, culture and entertainment, restaurants and hotels and other services drove the acceleration in May. In addition, a more moderate y/y decrease in prices of transport and communication services also contributed to the faster growth of the overall index in May.

The annual growth of consumer prices slowed down in tobacco and beverages, housing, as well as hygiene and health.

CPI rose by 3.4% on the year in Jan-May. The country’s central bank expects inflation of 2.8% this year.

CPI, % y/y      
  Apr-13 May-13 Jan-May/13
CPI 3.3 3.4 3.4
Food 4.8 5.1 4.0
Tobacco and beverages 3.6 2.1 2.1
Clothing and footwear 7.1 7.3 9.1
Housing 3.5 3.4 4.1
Hygiene and health 4.2 4.0 4.5
Culture and entertainment 1.1 1.3 1.5
Transport and communication services -3.2 -3.1 -1.7
Restaurants and hotels 3.8 4.1 4.1
Other services 0.7 0.9 0.5
Goods 3.9 3.9 3.9
Services 0.8 1.1 1.2
Source: Statistics office      
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