Ghana’s inflation rate rises again; hits 31.7% in July 2022
Significant rises in transportation and food prices increased Ghana’s inflation rate to 31.7 percent in July 2022.
This marks a 1.9 percentage point increase above the June 2022 rate of 29.8 percent.
Inflation was 3.1% on a monthly basis between June 2022 and July 2022.
This was reflected in the Ghana Statistical Service (GSS) Consumer Price Index (CPI) statistics issued on Wednesday, August 10, 2022.
Food inflation jumped to 32.3%, while non-food inflation was 31.3 percent, according to the report.
Professor Samuel Annim, Government Statistician, addressed the influence of the primary causes on the increase in the total inflation rate for July 2022.
“We compiled this from two perspectives: food and non-food inflation, as well as domestic and imported inflation.” We recorded 32.3% food inflation and 31.3% non-food inflation from the food and non-food inflation.”
“We recorded 29.2% domestic inflation and 31.3% imported inflation.”
He also stated that the Eastern Region had the greatest inflation rate of 38.1%, while the Upper East Region had the lowest inflation rate of 19.8%.