Inflation rate for May drops to 9.4%
June 12, 2019
Inflation rate for May 2019 recorded a marginal reduction to 9.4 per cent down by 0.1 percentage point from the 9.5 per cent recorded in April 2019.
Deputy Government Statistician, David Kombat has been explaining to the media in Accra that the rate recorded was highly influenced by the declining rate of food inflation in the measuring basket.
“We have seen a slight decline in food prices especially vegetables as a result of the weather patterns. This usually happens when we’re entering into the raining season and commodity prices begin to experience some dips but this is also accompanied by some reductions in certain components of the non-food items” he said.
Upper West recorded the highest general inflation of 11.1 per cent whiles Ashanti the highest rate in food inflation.