Inflation rate for end-June 2021 according to data made available by the Ghana Statistical Service (GSS), stood at 7.8 percentage points.
The posted inflation rate for the end-June 2021 marks a 0.3 percentage points increase compared to the 7.5 percentage points inflation rate recorded for end-May 2021.
The recorded increase in the headline inflation for June 2021, according to government’s statistician, Professor Samuel Annim, is on the account of price increases in transport and food.
Price increases in transport can mainly be attributed to increment in the prices of fuel at the local pumps.
“June 2021 inflation was 7.8%. The return to an upwards inflationary trend this month is mainly driven by increases in the contribution of Food and Transport to overall inflation,” he stated.
According to the GSS, month-on-month inflation between May and June 2021 was 1.3 percent, 0.5 percentage point higher than what was recorded in May. – 0.8 percent.
Food inflation for the month of June registered an increment of 1.9 percentage points from the 5.4 percentage points recorded in May 2021 to 7.3 percentage points recorded in June 2021.
Unlike Food inflation, Non-Food inflation on average went down this month (8.2 percent) compared to last month (9.2 percent).
Out of the 13 Divisions, Housing, Water, Electricity, Gas and other fuels recorded biggest decline falling from 19.9 percent in May to 14.2 percent in June last month.
Transport recorded a relatively high inflation of 13.4 percent.
At the regional level, the overall year-on-year inflation ranged from 1.1 percent in Western Region to 12.5 percent in Greater Accra Region. Upper West Region recorded the highest month-on-month inflation of 4.4 percent.
Three regions saw a stark decline in Food inflation as compared to last month, Western Region went from 0.4 percent to -1.1 percent, Volta from 9.8 percent to 8.0 percent and Upper East from 7.8 percent to 6.0 percent.
