Consumer price index Inflation up marginally to 16.9%

The inflation rate for the month of May increased slightly to 16.9% as compared to 16.8% in April.

  • Published:
Government Statistician, Dr. Philomena Nyarko play

Government Statistician, Dr. Philomena Nyarko

24/7 Live - Subscribe to the Pulse Newsletter!

Inflation rate for the month of May is 16.9 per cent based on the Consumer Price Index (CPI) over the 12-month period, from May 2014 to May 2015.

This represents a marginal increase of 0.1 per cent from the April rate of 16.8 per cent.

The monthly change rate for May 2015 was 1.0 per cent compared to the 1.8 per cent recorded in April 2015.

Government Statistician, Dr. Philomena Nyarko, said the food and non-alcoholic beverages group recorded inflation of 7.3 percent.

Dr. Nyarko said seven subgroups of the food and non-alcoholic beverages group recorded inflation rates higher than the group’s average rate of 7.3 percent.

Four sub-groups recorded a year-on-year inflation rates higher than the group’s average rate of 23.4 per cent.

Housing, water, electricity, gas and other fuels, being the main drivers of the non-alcoholic foods, recorded the highest rate of 25.4 per cent followed by transport with 25.2 per cent.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos





Top Articles

1 In Nigeria Statue of Prez Akufo-Addo to be unveiledbullet
2 Recruitment Police, other security agencies would be recruiting soon –...bullet
3 Ghana Armed Forces GAF announces date for 2017/18 recruitment screeningbullet
4 Adult Content We will continue showing porn on TV - Ice TVbullet
5 Freemasonry Here are prominent Ghanaians who are also freemasonsbullet
6 GAF Recruits without BECE certificate will be sacked - Ghana...bullet
7 Illegal Drugs Ghana leads Africa in marijuana use; ranks 3rd...bullet
8 SCOAN TB Joshua relocating church to Israelbullet
9 Special Ring Saga God has empowered me more than the...bullet
10 Francisca Oteng Mensah Youngest MP in Ghana graduates...bullet

Top Videos

1 Video Police officer attacked at Flagstaff Housebullet
2 Video Koforidua river mysteriously turns Biblical Blood Redbullet
3 Video Gabby Otchere-Darko, Citi FM MD heckled in New Yorkbullet

News