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