OREANDA-NEWS. June 07, 2010. Consumer prices went up 8.5% in annual terms in May, slowing down from +9.7% yoy in April and from 12.3% in December’09.

Concorde Capital: Inflation deceleration in May was across most of consumer basket items, reflecting overall economic stabilization and still weak domestic demand. We think that in 2H10, inflation may cease its decelerating trend due to probable utility tariffs increase, recovering domestic consumer demand (due in part to public sector minimum salaries and pensions increase by 20%-28% during May-December) and producer prices inflation acceleration to 28% yoy in May (vs. 21.7% yoy in April). We keep our 2010 consumer inflation forecast unchanged at 10%.