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Newsletter
Consumer Price Index (CPI)
May 2015
New series

Ghana Statistical Service

Statistical Newsletter, Ghana
Republic ofNo. B12-2003

Ghana Statistical
Service (GSS)
P.O. Box GP 1098, Accra

Tel: +233-302-682677, +233-302-664382

Fax No. +233-302-664304

June 10, 2015

Inflation Rate for May 2015 is 16.9%
The Consumer Price Index
The Consumer Price Index (CPI) measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption, with reference to the price level in 2012, the base year, which has an index of 100.

May 2015 rate of inflation
The year-on-year inflation rate as measured by the CPI stood at 16.9 percent in May 2015, up by 0.1 percentage point from the 16.8 percent recorded in April 2015 (Table
1). This rate of inflation for May 2015 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from May 2014 to May 2015.
The monthly change rate for May 2015 was 1.0 percent compared to the 1.8 percent recorded for April 2015.

Food and non-food inflation
The

Food and non-alcoholic beverages group

Table 1: Consumer Price Index (CPI), May 2014 to 2015
Year / Month
May-14
Jun-14
Jul-14
Aug-14
Sep-14
Oct-14
Nov-14
Dec-14
Jan-15
Feb-15
Mar-15
Apr-15
May-15

Change rate (%)
Index 2012 =
100
Monthly (m/m)
Yearly (y/y)
126.9
0.9
14.8
129.0
1.6
15.0
131.0
1.6
15.3
130.7
-0.2
15.9
130.5
-0.2
16.5
133.9
2.7
16.9
135.1
0.9
17.0
136.4
1.0
17.0
141.1
3.4
16.4
142.8
1.2
16.5
144.3
1.0
16.6
146.9
1.8
16.8
148.4
1.0
16.9

Figure 1: Food Inflation rate (%) by major subgroups, May 2015
Year‐on‐year inflation rate (%)

18.8
Food products n.e.c.
Coffee, tea and cocoa

17.1

Sugar, jam, honey, chocolate and …

16.9

Mineral water, soft drinks, fruit and …

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