Inflation for
May 2023 has experienced a marginal increase, rising from 41.2% in April 2023
to 42.2%.
The Government
Statistician, Prof. Samuel Kobina Annim, disclosed that the main drivers of
this inflation are as follows; food and non-alcoholic beverages constituted
52.4%. Housing, Water, Electricity, Gas, and other fuels constituted 13.1%, and
transport contributing 9.2%.
Clothing and
footwear had 6.4% while furnishings and household equipment had 4.4%. Insurance
and financial services constituted the lowest with 0.1%.
Speaking to
journalists and other stakeholders at the Kumasi Technical University, Prof.
Annim stressed that the data from the Ghana Statistical Service is credible as
extensive research has been conducted.
He also
described Greater Accra as the most expensive region in Ghana in comparison
with others.
Ghana is
currently grappling with its worst economic crisis in a generation which has
forced authorities to restructure its debt.
Authorities
turned to the International Monetary Fund for a support package in July last
year.
Inflation
reached a more than two-decade high of 54.1% in December, but it declined for
the fourth consecutive month up to April.
SOURCE: CITINEWSROOM
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