Inflation for the month of June has rose marginally to 42.5 percent compared to the 42.2 percent recorded in May 2023, according to the Ghana Statistical Service.
The main drivers of this inflationary trend are food and non-food items, which account for 54.2% and 33.4% respectively.
Government Statistician, Professor Samuel Kobina Annim, who announced this stated locally produced items witnessed an inflation rate of 35.9%, while imported items had a higher inflation rate of 44.5%.
The Ghana Statistical Service reports that prices of vegetables, such as tomatoes, saw an increase in average prices.
Prof. Annim said, “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.”
He went on and urged policy makers to take note of the figures and work around the clock to get inflation to reduce in the coming months.
Source: Myxyzonline.com