Inflation declines marginally to 22.8% in June
Inflation in Ghana marginally decreased to 22.8% in June, down from 23.1% in May, according to the Ghana Statistical Service.
This marks a decline of 0.3 percentage points and represents the second lowest inflation rate recorded over the past seven months.
Food inflation surged to 24.0%, while non-food inflation dropped to 21.6%.
Inflation for imported goods stood at 17.5%, a figure attributed to ongoing exchange rate challenges, as highlighted by Government Statistician Prof. Samuel Kobina Annim.
He emphasized the persistent influence of exchange rate stability on the inflation of imported items, reflecting a broader trend observed from June 2023 to June 2024.
Several sectors experienced inflation rates surpassing the national average of 22.8%.
Alcoholic Beverages, Tobacco, and Narcotics saw a significant rise to 32.3%, while Restaurants and Accommodation Services increased to 30.7%.
Housing, Water, and Electricity recorded an inflation rate of 26%, with Food and Non-Alcoholic Beverages at 24%.
Regionally, the Upper East Region reported the highest inflation rate at 35.2%, whereas the Oti Region had the lowest at 12.5%.
This regional disparity underscores the varied economic pressures across different parts of the country.
