Inflation for May 2025 has dropped significantly to 18.4 per cent year-on-year from the 21.2 per cent recorded in April this year.
The Ghana Statistical Service has attributed the sharp drop to a reduction in transportation fares and a decline in non-food inflation.
This is the fifth consecutive reduction in inflation for 2025, signalling a decline in the rate at which prices are increasing. This is also the lowest rate recorded since February 2022.
The Government Statistician, Dr. Alhassan Iddrisu, explained that the reduction in fuel prices at the pumps and the subsequent reduction in transport fares contributed the highest to the May inflation.
At the regional level, Dr. Iiddrisu said the Upper West recorded the highest inflation of 38.1 per cent, while the Ahafo region recorded the lowest inflation of 14.5 per cent.
Myjoyonline
