Inflation rate drops further to 7.5% in May; lowest in over a year – Citi Business News
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Inflation rate drops further to 7.5% in May; lowest in over a year – Citi Business News


Summary short_text

A month after the index was rebased, Ghana saw an inflation rate of 7.6 percent; the lowest inflation rate recorded in Ghana at the time.

The national year-on-year inflation rate was 7.5 percent in May 2021, and it was also the lowest recorded since the emergence of the COVID-19 pandemic in March 2020.

This further leads to food inflation decreasing in its contribution to total inflation to 32.3%, the lowest contribution observed since the CPI basket was rebased in 2019.


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