Wednesday, June 7, 2017
The recent surge in inflation.
Annual consumer price inflation (CPI) declined slightly to 11.72% in May from an 8.5-year high of 11.87% in April. Inflation has fluctuated between 4 and 12% for over a decade, averaging just over 8%. A surge in recent months has provoked renewed public debate and led the government to propose new measures to restrain food prices.