According to the Ghana Statistical Service (GSS), the year-on-year inflation rate for May 2022 was 27.6%.
It represents a four percentage point’s increase in the inflation rate compared to the 23.6 per cent recorded in April 2022.
This means that in the month of May 2022, the general price level was 27.6% higher than in May 2021.
Month-on-month inflation between April 2022 and May 2022 was 4.1%
The Consumer Price Index for May 2022 was 162.8 relative to 127.6 in May 2021.
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