Planning: monthly inflation rate stable and annual rise in May
Planning: monthly inflation rate stable and annual rise in May
2022-06-28 01:56
Shafaq News/ The Ministry of Planning announced, on Tuesday, the stability of the monthly inflation rate for the month of May and its annual rise, indicating that spending on food constitutes 30 percent of the family’s monthly income.
Ministry spokesman Abdul-Zahra Al-Hindawi said in an interview with Shafaq News Agency that “the inflation rate for the month of May stabilized at 0.2%, which is the same rate witnessed in last April,” noting that “the annual inflation rate for the month of May 2022 compared to the same period last year. 2021, saw an increase of 5.4%.
He added, “Expenditure on food constitutes 30 percent of the family’s monthly income, but the food and non-alcoholic beverages department did not witness a significant increase in it during the month of May as a result of government support by providing the ration card items, and thus this department maintained its stability.”
He pointed out that “the commodity totals that increased the most in prices for the month of May 2022 is the department of supplies, household equipment and maintenance, which rose by 1.9 percent, the department of entertainment and culture also increased by 1.5 percent, and the department of restaurants and hotels rose by 1.2 percent.”
shafaq.com
