The Ghana statistical services has pegged inflation for May 2023 at 42.2%, a 1.0% increase in the 41.2% recorded for April as prices of food commodities see a marginal surge.
This would be the first rise in the figure this year after a drop in inflation for four consecutive months since January 2023.
Government Statistician Professor Samuel Kobina Annim attributed the surge in inflation to hikes in prices of food items, with food inflation surging to 51.8% from the 48.7% recorded in April. Non-food inflation however recorded a marginal drop from 35.4% in April to 34.6% in May.
Month-on-Month inflation between April 2023 and May 2023 stood at 4.8%, a rise in the 2.4% month-on-month inflation between March 2023 and April 2023.
The Western North region recorded the highest regional inflation of 62.5% with the Ashanti region recorded the lowest of 31.0%.
Source: Ghana/Starrfm.com.gh/103.5FM/Isaac Bediako
