July 13, 2022

June Inflation Soars To 29.8%

The year-on-year inflation for June 2022 is 29.8% according to statistics put out by the Ghana Statistical Service (GSS).

The June Consumer Price Index (CPI) report from the GSS showed both food and non-food inflation seeing an increase. Food inflation was 30.7% and Non-food Inflation was 29.1%.

On the other hand Inflation for locally produced items rose to 29.2% with inflation for imported items hitting 31.3%.

Six elements include transport (41.6%), Household Equipment and Maintenance (39.6%), Housing, Water, Electricity and Gas (38.4%), Personal Care and Miscellaneous Goods (31.7%), Recreation, Sports and Culture (31.3%) and Food and Non-Alcoholic Beverages (30.7%)} recorded inflation rates higher than the national average of 29.8%.

Regional Distribution

The Eastern Region of Ghana still leads in overall inflation regionally.

It recorded inflation of 35.8% followed by the Western region with 33.9%, the Central region with 31.6%, Greater Accra region with 30.9%, Bono Ahafo with 28.2%, Upper West with 27.8%, the Ashanti region with 27.2%, Northern region 25.7%, Volta 23.8% and Upper East region 21.0%.

When it comes to food inflation in the regions, the Central, Western and Upper West regions overtook the Eastern region which recorded the highest overall inflation rate.

The Central region recorded a food inflation rate of 40.9%, Western region recorded 36.8%, Upper West recorded 36.8%, Eastern region 36.2%, Bono Ahafo 29.9%, Ashanti region 27.9%, Greater Accra 27.5%, Northern region 26.4%, Volta region 25.5%, and Upper East 19.9%.

Source: opemsuo.com/Hajara Fuseini

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