Today, the Minister of Economy and Labour, the Hon. Jason Hayward, JP, MP, released the May 2022 Consumer Price Index (attached) publication from the Department of Statistics.
The Minister explained, “In May 2022, consumers paid 3.7 per cent more than they did a year ago for the same basket of goods and services; this was the highest recorded level of inflation since December 2007 when the annual inflation rate was 3.6 per cent.”