Inflation rate increases to 31.7% in July

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The inflation rate for July 2022 was 31.7 percent, the Ghana Statistical Service (GSS) announced on Wednesday, August 10.

This is up from the 29.8 percent recorded in June.

On a year-on-year basis, the difference between Food inflation (32.3%) and Non-food (31.3%) was 1 percentage point.

Forever Product

On a month-on-month basis, food inflation (3.3%)  records a higher rate than non-food (3.0%), leading to a 0.3 percentage point difference.

 

The percentage point increase in Non-food inflation (2.1) between June and July 2022 is higher than food inflation (1.6).

The percentage point difference between inflation for imported items (33.9%) and locally domestic items (30.9%) was 3%.

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