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In May 2023, consumer prices fell back slightly over one month (‑0.1%) and increased by 5.1% year on year
In May 2023, the Consumer Price Index (CPI) declined by 0.1% over one month, after +0.6% in April. The decrease in energy prices accentuated (‑3.0% after ‑0.7%) in the wake of petroleum product prices (‑5.9% after ‑0.6%). The prices of food slowed down (+0.3% after +0.6%), as did those of services (+0.3% after +1.0%) linked with the downturn in transport service prices (‑2.3% after +8.1%) and the smaller rise in those of “other services” (+0.6% after +0.8%). The prices of manufactured goods were stable between April and May 2023 (+0.0% after +0.3%). Seasonally adjusted, consumer prices declined by 0.2% in May ... (full story)