June Inflation increases marginally to 42.5% from 42.2%

Business & Financial

Ghana’s June 2023 inflation rate increased slightly from the 42.2 percent seen in May 2023 to 42.5 percent.

Food and non-food items account for 54.2% and 33.4%, respectively, of this inflationary trend, according to the government statistician, Professor Samuel Kobina Annim.

While the inflation rate for locally produced goods was 35.9%, it was higher for imported goods at 44.5%.

According to the Ghana Statistical Service, the average price of vegetables, including tomatoes, has increased.

Professor Samuel Kobina Annim advised decision-makers to critically examine the elements causing the rise in food inflation.

“At the minimum we see a widening of the gap between food and non-food inflation. We need to focus on why we see food inflation going up. We have seen about a 20 percentage point change between food inflation and non-food inflation.”