Ghana consumer inflation rises to 18.9 pct in May

Ghana's annual consumer inflation edged up to 18.9 percent year on year in May from 18.7 percent in April amid a slight increase in fuel prices, the statistics office said on Wednesday.
The West African country signed a three-year aid programme with the International Monetary Fund in April last year to remedy fiscal problems including inflation persistently above government targets.
Fuel prices at the pump went up 5 percent in early May following a recovery in world market prices.
"The increases resulted in higher transport fares which in some cases were passed on to consumer goods," government statistician Philomena Nyarko told a news conference in Accra.
She said housing rents also increased.
Non-food inflation rose to 25.0 percent from 24.8 percent while food inflation was 8.5 percent compared to 8.4 percent.