The inflation rate stabilized at 5% for the second consecutive month in May 2021, announced, the National Institute of Statistics (INS) Saturday, June 5.
This stability is due, on the one hand, from the acceleration of the pace of price increases of food products (6% against 4.9%), and on the other hand, in the slowdown of the pace of price increases of other products and services, including those of health (7.7% against 8.8%), transport (1.5% against 2.1%) and restaurants and hotels (5.8% against 9.2%).
In fact, food prices rose by 6% in May year-on-year. This rate is explained by higher prices of edible oils by 13.8%, vegetables by 10.2% and the group “milk, cheese and & eggs by 8.1%. On the other hand, fruit prices remained slightly down by -0.3% compared to their levels in May 2020.
As for the prices of manufactured goods, they went up 5% due to the increase in prices of pharmaceutical products by 9.9%, building materials by 9.8% and routine household maintenance products by 5.9%.
For services, prices rose 3.9% year-over-year due to price increases for health services of 7.5% and rents of 4.6%.
Core inflation and administered product inflation
The core inflation rate (excluding food and energy) eased to 5% from 5.5% last month. Prices for free (non-administered goods rose 5.4% (compared with 4.9% in April)
The core inflation rate (excluding food and energy) fell to 5% from 5.5% last month.
Prices of administered products, meanwhile, rose 4% (versus 5.3% in April). Free food products went up 5.9% compared to 6.4% for administered food products.
The price of food products rose 5.9% compared to 6.4% for administered food products.