{"id":222556,"date":"2016-06-15T11:24:37","date_gmt":"2016-06-15T11:24:37","guid":{"rendered":"http:\/\/citifmonline.com\/?p=222556"},"modified":"2016-06-15T11:24:37","modified_gmt":"2016-06-15T11:24:37","slug":"may-inflation-hits-18-9","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/06\/may-inflation-hits-18-9\/","title":{"rendered":"May inflation hits 18.9%"},"content":{"rendered":"<p>Inflation for the month of May went up marginally to 18.9%.<\/p>\n<p>The rate increased by 0.2% from the 18.7% in April 2016.<\/p>\n<p>The monthly change rate for May was 1.1%.<\/p>\n<p>According to the Ghana Statistical Service, elements of the non-food group of inflation namely; transport, housing, water, electricity, education and recreation among others accounted for the increase.<\/p>\n<p>&nbsp;<\/p>\n<p>The food and non-alcoholic beverages group recorded a year-on-year inflation rate of 8.5 percent. This represented a 0.1 percentage point higher than the 8.4 percent recorded in April 2016.<\/p>\n<p>The non-food group on the other hand recorded a year-on-year inflation rate of 25 percent in May 2016.<\/p>\n<p>Four sub-groups recorded year-on-year inflation higher than the group&#8217;s average rate of 25 percent.<\/p>\n<p>Transport recorded the highest inflation rate of 40.9 percent, followed by housing,water, electricity,gas and other fuels with 35.7 percent, education 32.3 percent and recreation &amp; culture with 27.9 percent.<\/p>\n<p>At the regional level, the year-on-year inflation rate ranged from 15 percent in the Upper East region to 22.6 percent in the Greater Accra region.<\/p>\n<p>Two regions; Greater Accra and Ashanti recorded inflation rates above the national average of 18.9 percent.<\/p>\n<p>Inflation for the month of April had declined from 19.2 percent recorded in March 2016.<\/p>\n<p>Similarly the non-food inflation components accounted for the decrease in April.<\/p>\n<p>The consumer price index measures the change over time in the general price levels of goods and services that households require for the purpose of consumption.<\/p>\n<p>&#8211;<\/p>\n<p>By: Norvan Acquah-Hayford\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation for the month of May went up marginally to 18.9%. The rate increased by 0.2% from the 18.7% in April 2016. The monthly change rate for May was 1.1%. According to the Ghana Statistical Service, elements of the non-food group of inflation namely; transport, housing, water, electricity, education and recreation among others accounted for [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":222564,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,171,11],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>May inflation hits 18.9% - Citi 97.3 FM - Relevant Radio. 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