{"id":77660,"date":"2022-06-08T12:36:08","date_gmt":"2022-06-08T12:36:08","guid":{"rendered":"https:\/\/www.sweetmelodiesfm.com\/?p=77660"},"modified":"2022-06-08T12:36:08","modified_gmt":"2022-06-08T12:36:08","slug":"inflation-rises-again-hits-27-6-in-may-2022","status":"publish","type":"post","link":"https:\/\/www.sweetmelodiesfm.com\/inflation-rises-again-hits-27-6-in-may-2022\/","title":{"rendered":"Inflation rises again; hits 27.6% in May 2022"},"content":{"rendered":"<p><strong>Ghana\u2019s inflation has soared again to hit 27.6 percent in the month of May 2022.<\/strong><\/p>\n<p>This represents a four percentage points increase in the inflation rate compared to the 23.6 percent recorded in April 2022.<\/p>\n<p>On a monthly basis, inflation however dropped by one percent to record 4.1 percent in May 2022.<\/p>\n<p>This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) on Wednesday, June 8, 2022.<\/p>\n<p>According to the data, food inflation rose again to record 30.1 percent compared to 26.6 percent recorded in April.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.sweetmelodiesfm.com\/inflation-tempo-pushes-bog-to-19-policy-rate-hike\/\">Inflation tempo pushes BoG to 19% policy rate hike<\/a><\/li>\n<li><a href=\"https:\/\/www.sweetmelodiesfm.com\/transport-fares-take-toll-on-inflation-as-it-hits-23-6-in-april\/\">Transport fares take toll on inflation as it hits 23.6% in April<\/a><\/li>\n<\/ul>\n<p>Non-food inflation stood at 25.7 percent in May, compared to 21.3 percent recorded in the previous month.<\/p>\n<p>GSS also noted that this is the second time in 29 months that inflation for imported items exceeded domestic inflation.<\/p>\n<p>Whilst inflation for locally produced items was 27.3 percent, inflation for imported items stood at 28.2 percent in the month under review.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ghana\u2019s inflation has soared again to hit 27.6 percent in the month of May 2022. This represents a four percentage points increase in the inflation rate compared to the 23.6 percent recorded in April 2022. On a monthly basis, inflation however dropped by one percent to record 4.1 percent in May 2022. This was captured [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":77661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1226],"tags":[856,1578,6836],"class_list":{"0":"post-77660","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-features","8":"tag-business","9":"tag-ghana","10":"tag-inflation"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inflation rises again; hits 27.6% in May 2022 - Sweet Melodies FM<\/title>\n<meta name=\"description\" content=\"Sweet Melodies FM Inflation rises again; hits 27.6% in May 2022 Features\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sweetmelodiesfm.com\/inflation-rises-again-hits-27-6-in-may-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation rises again; 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