May Inflation Records 7.5%

The year-on-year inflation for May 2020 – May 2021 was 7.5%, the Ghana statistical Service (GSS) has announced on Wednesday June 9

The month-on-month – April 2021 – May 2021 – inflation was 0.8%.

Year-on-year variation between food (5.4%) and non-food inflation (9.2%) was 3.8%.

Month-on-month food inflation exceeds non-food inflation by 0.9 percentage points (1.3% vs. 0.4%), the GSS said.

It added that “three out of the 13 divisions on M-o-M basis record higher inflation relative to the 12-month rolling average.”

For the first time in 18months inflation for imported goods reaches parity with locally produced goods.

Transport especially in Greater Accra shows significant changes on M-o-M basis for May 2021 and its overall contribution to the national rate increased by 4.7 percentage points.

Northern region continues to record higher Y-on-Y food inflation (11.9%).

Source: 3news.com

Disclaimer: MyGhanaMedia is not responsible for this report and its content.There are four types of content published on MyGhanaMedia daily: curated content; syndicated content; user-generated content; and original content.

Send your news stories to myghanamedia@gmail.com and Chat with us via WhatsApp on +233200818719