May inflation reaches 18.9 percent

Inflation for the month of May inched up marginally to 18.9 percent from 18.7 percent in April. 

According to the Ghana Statistical Service, elements of the non-food group of inflation namely; transport, housing, water, electricity, education, and recreation among others accounted for the increase. Inflation for the month of April had declined from 19.2 percent recorded in March.

Similarly, the non-food inflation components accounted for the decrease in April. 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.

Source. www.statsghana.gov.gh