According to the Bureau of Statistics, inflation for the first four months of 2022 totaled 2.8%. This compares to the total accumulated inflation of 2.7% from 2015 to 2018 under the APNU+AFC government. This shows more inflation in four months of People’s Progressive Party (PPP) regime’s rule than in four years of the Coalition government.
The inflation is primarily concentrated in the rising cost of food which has seen a 13.8% increase over the twelve months ending April 2022. The cost of food has inflated by over 20% since the PPP returned to power in 2020.
This sharp inflation, paired with over 5,000 losing their jobs since the PPP returned to power, has left many struggling to meet the basic needs of their families. A recent IRI poll has found that 22% of Guyanese are having issues feeding themselves and their families. The growing desperation has caused a notable increase in crime.
Unions continue to call on the government to increase salaries to meet the inflating prices, but the government has indicated no intention to heed those calls.
More, In The Ring.
