Inflation rate hits 18.9% in May

By on

inflacionMay compared to 18.7 per cent in May, Dr Philomena Nyarko, Government Statistician, said on Wednesday.

The monthly change rate for May was 1.1 per cent compared to the 1.4 per cent recorded in April 2016.

Dr Nyarko said the non-food group recorded a year-on-year inflation rate of 25.0 per cent in May compared to 24.8 recorded in April, while the year-on-year food inflation rate for May was 8.5 per cent compared with the 8.4 per cent recorded in April.

She explained that the main drivers for the non-food inflation rate are transport, housing, electricity, gas and fuels, education and recreation and culture while that of the food inflation include vegetables, oils and fats, fruits, mineral water, soft drinks, fruits and vegetable juices.

At the regional level, the year-on-on year, Greater Accra and Ashanti regions recorded inflation rates higher than the national average of 18.8 per cent.

The Greater Accra Region recorded the highest inflation rate of 22.6 per cent followed by the Ashanti Region with 20.8 per cent, while the Upper East region recorded the lowest of 15.0 per cent.

-Graphic

ABOUT: Nana Kwesi Coomson

[email protected]

A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

view all posts by: Nana Kwesi Coomson  

Leave a Reply

Your email address will not be published. Required fields are marked *

ABOUT 233TIMES

233times.com is a Ghanaian media house which serves as a major source of exclusive interviews ,music and video downloads, news and more.

233times.com reports on major events,news covering entertainment, politics, sports, etc from within Ghana, Africa and beyond.

We have a platform for the amateur artistes to portray their staggering talents ...more...

WE ON SOCIAL MEDIA. FOLLOW US

facebook twitter youtube google plus linkedIn

To advertise with us or make enquiries, please visit 233times.com/advertise or call +233249455142 (Selorm), +233248185848 (Nana Kwesi)