Inflation falls to 7.5% in May 2021

09 June 2021 at 23:39

The national year-on-year inflation rate was 7.5% in May 2021, which is one percentage point lower than the 8.5% recorded in April 2021, the Ghana Statistical Service has announced.

Nigeria's food inflation jumps to 22.95%, highest in over 12 years

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Pulse News

Month-on-month inflation between April and May 2021 was 0.8% which is 0.7 percentage point lower than what was recorded in April.

’Housing, Water, Electricity, Gas’ (19.9% down from 25.0% last month) recorded the highest inflation.

One year ago, in May 2020 the GSS said it observed a peak in inflation (11.3%) but because such a peak did not occur this year, year-on-year inflation is relatively low this month.

At the regional level, the overall year-on-year inflation ranged from 2.6% in Western Region to 12.3% in Greater Accra Region.

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