The average annual rate of inflation for the 12 months to May 2024 [i.e. comparing the average CPI for the 12 months from June 2023 – May 2024; with the average for the 12 months from June 2022 – May 2023] stands at 3.8 percent while the month-on-month inflation rate [compared with May 2023] stands at 5.8 percent.
