The national year-on-year inflation rate was 27.6% in May 2022, which is 4.0 percentage points higher than the 23.6% recorded in April 2022, the Ghana Statistical Service (GSS) has said.
This means that in the month of May 2022 the general price level was 27.6% higher than May 202.
According to the GSS, the month-on-month inflation between April 2022 and May 2022 was 4.1%.
Between April and May 2022, Food Inflation went up by 3.5 percentage points (from 26.6% to 30.1%) and non-food inflation 4.4 percentage points (from 21.3% to 25.7%).
Food inflation for May 2022 relative to the rolling average for the period June 2021 to May 2022 has more than doubled.
The margin between month-on-month food and non-food is 0.1 percentage points with food inflation recording 4.0% and non-food 4.1%.
Imported inflation (28.2%) sustains its dominance over domestic inflation (27.3%) with a margin of 0.9 percentage points.
More soon…
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