The monthly inflation rate was 0.0%, while the annual inflation rate was 3.7%. The inflation rate is measured by the CPI, with monthly inflation referring to May 2025 compared to the previous month, and the annual inflation is for May 2025 compared to the same month of the previous year.
In May 2025, compared to the previous month, the highest increase was registered in the following groups: ‘Restaurants and hotels’ (0.8%), ‘Miscellaneous goods and services’ (0.6%), ‘Alcoholic beverages and tobacco’ (0.6%) and ‘Clothing and footwear’ (0.5%). A decrease in the prices was recorded in the following groups: ‘Transport’ (-1.8%), ‘Communications’ (-1.0), ‘Recreation and culture’ (-0.9%) and ‘Housing, water, electricity, gas and other fuels’ (-0.3%).
Consumer Price Index (CPI)
In May 2025, the monthly inflation rate was 0.0% and the annual inflation rate in May 2025, compared to May 2024, was 3.7%.
The inflation rate since the beginning of the year (May 2025 compared to December 2024) was 1.9%, and the annual average inflation rate for the period June 2024 - May 2025 compared to the period June 2023 - May 2024 was 2.8%.
Monthly inflation
In May 2025, the prices of goods and services increased in the following consumer groups:
- ‘Restaurants and hotels’ - an increase of 0.8%;
- ‘Miscellaneous goods and services’ - an increase of 0.6%;
- ‘Alcoholic beverages and tobacco’ - an increase of 0.6%;
- ‘Clothing and footwear’ - an increase of 0.5%;
- ‘Furnishings, household equipment and routine maintenance of the house’ - an increase of 0.5%;
- ‘Food and non-alcoholic beverages’ - an increase of 0.5%;
- ‘Health’ - an increase of 0.2%.
The prices of goods and services decreased in the following consumer groups:
- ‘Transport’ - a decrease of 1.8%;
- ‘Communications’ - a decrease of 1.0%;
- ‘Recreation and culture’ - a decrease of 0.9%;
- ‘Housing, water, electricity, gas and other fuels’ - a decrease of 0.3%.
The prices of the services in ‘Education’ remained unchanged.
Accumulated inflation
The accumulated inflation, measured by CPI, for the last three years (May 2025 compared to May 2022) was 16.8% and for the last five years (May 2025 compared to May 2020) was 38.4%.
Harmonized Index of Consumer Prices (HICP)
In May 2025, the monthly inflation rate, measured by HICP, was 0.1% and the annual inflation rate in May 2025 compared to May 2024 was 2.9%.
The inflation rate since the beginning of the year (May 2025 compared to December 2024) was 1.3%, and the annual average inflation rate for the period June 2024 - May 2025 compared to the period June 2023 - May 2024 was 2.7%.
