Pulse.com.gh logo
Go


Cost of Living in Ghana Inflation rate for May hits 18.9%

The Ghana Statistical service puts this down to pressure from price hikes in the costs of transport, housing, water, electricity and education.

  • Published:
Ghanaian Food Market play

Ghanaian Food Market

The rate of increase in prices of goods and services, identified as the rate of inflation, has increased to 18.9%, representing a  0.2%  increase in the rate for April, 2016 which was 18.7%.

The Ghana Statistical service puts this down to pressure from price hikes in the costs of transport, housing, water, electricity and education.

May’s monthly change rate was 1.1%

READ MORE: Inflation in Ghana April inflation drops marginally to 18.7%

The Consumer Price Index-CPI is the change in the general price levels of goods and services purchased and consumed by households.

The base year of the CPI is 2012 with an index of 100. The CPI measures two components grouped under food and non-food components.

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 Number 12 Panic withdrawals hit savings & loans company following...bullet
2 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public...bullet
3 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
4 Donor Support World Bank injects $60m into Ghana’s energy, tourism...bullet
5 Salaries In 2018 Here are the dates public workers will be paid...bullet
6 Tax Policy Government not planning to increase VAT, MP allays...bullet
7 Education Top 5 private high schools in Ghana according to WAECbullet
8 Menzgold Ghana Investment company closes down its Gold...bullet
9 Economy of Ghana Gov’t to increase taxes in mid-year budgetbullet
10 Nana Appiah Mensah Zylofon boss to create one million...bullet

Top Videos

1 Money Alert Meet Africa's richest womanbullet
2 Support Finance minister buys Kantanka carbullet
3 Forbes 2018 Africa's billionaires rich listbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 Bozoma Saint John 10 quotes from Uber top official,...bullet

Business