The producer price index moved up by 0.6% in May. Year-on-year inflation within this segment increased from 3.8% in April to 4.1%. Higher levels were also reached in April 2005. The relatively high inflation levels seen in industry and agriculture are one of the reasons for further interest rate hikes. Adding in the data on the revision to GDP, the data for the 1Q07, the most recent data on industrial production and construction and the growth rate in the loans granted to households and companies, we can expect to see higher interest rates as early as in July.