Consumer prices in Ghana jumped 27.6% year-on-year in May after rising 23.6% in April, the fastest pace since January 2004, the state statistical service said. Inflation in the country has been accelerating for 12 consecutive months and has exceeded the central bank’s target range of 6-10% for 9 months. Food prices soared by 30.1% in May compared to the same month last year, non-food products rose by 25.7%. Transport services increased in price by 39%. Ghana rounds out the ten largest economies in Africa, according to the International Monetary Fund. Source: FINMARKET.RU

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