Inflation

Key Points

Consumer Prices Index (CPI)

• Inflation as measured by Consumer price index stands at 2.7% for May 2024
  
  
• The category 'Education' exhibits the biggest increase, having risen 6.5% compared with 12 months ago.  'Pre-school fees' has seen the biggest increase in this category (12.7%)
  
  
• The second biggest increase is 'Restaurants and hotels', having risen 5.9% compared with 12 months ago. 'Catering' has seen the biggest increase in this category (6.4%)
  
  
• The third biggest contributor to the rate of inflation was 'Alcoholic beverages and tobacco', which shows a rise of 5.6%. 'Tobacco' saw the largest rise (8.6%) in this category