Core inflation was significantly lower than the headline figure, as it grew by 0.1% since April, and showed 2.2% growth compared to the same period in 2004, down from April's 2.6% rate.
The difference between the headline figure and core inflation was due in large part to a month-on-month increase of over 20% in seasonal food prices in May, counterbalanced by a decrease in other food prices, such as pork fat (3.4%), pork meat (3.2%), eggs (2.4%), and sugar (1.2%).
Compared to May 2004, below-average increases were registered in food prices, with extremes on both ends of the scale, such as a steep 48% increase in pork fat and 12% in pork meat, and a decrease of 27% in flour, and 7% in vegetable oil prices.
The 5.6% inflation in the services sector was driven by increases of 16% in gambling prices, 14% in public transport, and 13% in refuse and sewage disposal. Further outstanding increases were registered in the electricity, gas and other fuels sector, where bottled gas prices increased by 12%, and pharmaceutical products by 11%.
