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Inflation rate for Could drops to 9.4%

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Inflation rate for May perhaps 2019 recorded a marginal reduction to 9.4 for every cent down by .1 proportion level from the 9.5 for each cent recorded in April 2019.

Deputy Government Statistician, David Kombat has been detailing to the media in Accra that the amount recorded was remarkably affected by the declining charge of food inflation in the measuring basket.

“We have noticed a slight drop in foods price ranges specially vegetables as a consequence of the weather styles. This typically happens when we are coming into into the raining time and commodity prices commence to working experience some dips but this is also accompanied by some reductions in specified elements of the non-food stuff products” he claimed.

Upper West recorded the best general inflation of 11.1 for every cent whiles Ashanti the maximum amount in foodstuff inflation.

“The food and non-alcoholic beverage team recorded 7.3 for every cent, a reduction of 1.1 for every cent stage decreased than the charge recorded in April 2019,” Mr Kombat mentioned.

The non-foodstuff team recorded a yr on calendar year inflation amount of 10.6 for every cent in May possibly 2019 when compared to 10.4 per cent recorded for April 2019.

4 subgroups recorded 12 months on 12 months inflation charges increased than the group’s ordinary price of 10.6 for every cent.

Garments and footwear, recreation and tradition recorded the optimum inflation price of 15. per cent followed by furnishings, home machines and schedule maintenance with 14.5 per cent and transport with 12.5 for each cent.

Inflation was, even so, cheapest in the communication sub-sector with 6.1 for every cent.
 





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