Inflation rate drops further to 7.5% in May; lowest in over a year


Ghana has, for the second consecutive time this year, recorded the lowest year-on-year inflation rate.

The inflation rate recorded for the month of May 2021 was 7.5 percent, which is one percentage point lower than the 8.5 percent recorded in April this year.

The figure falls within the government’s medium-term inflation target of 8.0±2 percent and stands as the lowest recorded in more than two years.

Month-on-month inflation between April and May 2021 was 0.8 percent, which is 0.7 percentage points lower than what was recorded last month.



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