Audio By Carbonatix
The year-on-year inflation rate at ex-factory prices for all goods and services was 23.6% in May 2024.
This was far higher than the 16.8% recorded in April 2024.
The month-on-month producer inflation rate was 3.0%.
According to the Ghana Statistical Service, the producer price inflation in the industry sector excluding the construction sector increased to 29.2% in May 2024 from 20.2% in April 2024.
The rate in the construction sector also increased to 54.7% in May 2024.
In the Services sector, the rate again increased from 9.4% in April 2024 to 11.4% in May 2024.
The Construction (54.7%), Mining and Quarrying (40.6%), Accommodation and Food Services Activities (25.9%) and Electricity and Gas (25.4%), recorded inflation rates above the national average (25.3%).
On the other hand, the Water Supply, Sewerage and Waste Management activity recorded the lowest rate of 7.4% in May 2024.
Latest Stories
-
That had never happened – Gov’t clears SSNIT arrears and pays ahead, says DG Afreh Biney
5 minutes -
NADMO blames unauthorised construction, poor sanitation for Tema West floods
18 minutes -
Alleged visa fraudster granted GH¢70k bail
23 minutes -
You are treasures to Ghana, we value you – Ablakwa assures returnees from South Africa
26 minutes -
Let’s do the right thing to save ourselves – Vice President urges Ghanaians
29 minutes -
Police bid IGP Paul Tawiah Quaye farewell
32 minutes -
Food safety: 251 food handlers diagnosed with health condition
35 minutes -
Record $7.8bn in remittances shows value of Ghanaians abroad – Ablakwa
38 minutes -
Gov’t will continue to respect, sustain press freedom – Nana Oye
42 minutes -
Mahama explores Belarus agro partnerships for food security
46 minutes -
Gov’t clears GH¢1.05bn SSNIT debt, no arrears carried into 2026 – Director General reveals
52 minutes -
Social media-fame can’t replace real talent – Nkem Owoh
1 hour -
MOBO Awards founder, Kanya King dies at 57 after cancer battle
1 hour -
‘I was forced into acting’ – Nkem Owoh
1 hour -
Spain’s visitor numbers hit new highs as tourists avoid Middle East
2 hours