Audio By Carbonatix
Inflation for the month of May 2025 has dropped significantly to 18.4 percent year-on-year from the 21.2 percent recorded in April this year.
The Ghana Statistical Service has attributed the sharp drop to reduction in transportation fares and decline in non-food inflation.Â
This is the fifth consecutive reduction in inflation for 2025, signaling 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 the May inflation.
At the regional level, Dr. Iiddrisu said the Upper West recorded the highest inflation of 38.1 percent whiles Ahafo region recorded the lowest inflation of 14.5 percent.
Latest Stories
-
Trump-backed candidate Nasry Asfura wins in knife-edge Honduran election
2 hours -
Kyrgios set to make ATP Tour return at Brisbane
4 hours -
‘Always hungry, always brave’ – why Man City want Semenyo
5 hours -
Cameroon open AFCON with win after Etta Eyong’s strike
5 hours -
Mahrez scores twice as Algeria beat 10-man Sudan
5 hours -
Imperial General Assurance supports Ashanti School for the Deaf Girls with menstrual hygiene products
5 hours -
Roverman Productions welcomes one and all to the Festival of Plays!
5 hours -
GTA marks a century of highlife with grand launch of Highlife @ 100
5 hours -
Star Dancers crowned winners of Season II of Kumawood TV Star Kids Show
6 hours -
Amad Diallo gives AFCON holders Ivory Coast win over Mozambique
6 hours -
UK social media campaigners among five denied US visas
6 hours -
BP sells stake in motor oil arm Castrol for $6bn
7 hours -
GPL 2025/26: Asante Kotoko beat Eleven Wonders to go third
8 hours -
Algerian law declares France’s colonisation a crime
9 hours -
Soldiers remove rival Mamprusi Chief Seidu Abagre from Bawku following Otumfuo mediation
9 hours