Inflation climbs to 18.9% in May


The inflation rate for the month of May went up marginally to 18.9% from the 18.7%  recorded in April 2016.

The monthly change rate for May was 1.1% compared to 1.4% for the month of April

Ghana Statistical Service says, elements of the non-food group of inflation namely; transport, housing, water, electricity, education and recreation among others accounted for this increase.

Inflation for the month of April had declined from 19.2% recorded in March 2016.

Similarly the non-food inflation components accounted for the decrease in April, dipping to 24.8% in April from 25.7 % in the previous month

The consumer price index measures the change over time in the general price levels of goods and services that households require for the purpose of consumption.