May 2024 saw a minor decline in inflation to 23.1%.

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Inflation for the month of May 2024 slightly decreased to 23.1%.

This is the lowest figure recorded since March 2022 which was 19.4%.

The figure for May 2024 represents a decline of 1.95 percentage points from that of the month of April which was at 25.0% .

Addressing journalists at a press briefing, Government Statistician, Professor Samuel Kobina Annim announced that transportation recorded a month-on-month inflation of 10.5%.

He called on government to find solutions to the surge in the month-on-month figures recorded for transportation.