Business
May inflation rises marginally to 42.2% after four consecutive decreases
Inflation for May 2023 has experienced a marginal increase, rising from 41.2% in April 2023 to 42.2%.
The Ghana Statistical Service reports that this rise is primarily due to the non-food category.
The Government Statistician, Prof. Samuel Kobina Annim, disclosed this information during an announcement made in Kumasi, in the Ashanti region.
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: Ghana Business
