The inflation rate for the month of July 2023 went up to 43.1%, from the 42.2% recorded in June, the Ghana Statistical Service (GSS) has announced. The month-on-month food inflation was, however, 3.8%.
Non-Food Inflation stood at 38.3% in July 2023, from 33.4 % recorded in June 2023. The month-on-month non-food inflation was, however, 3.4%
Inflation for locally produced items was 37.5%, whilst inflation for imported items was 45.7%.
Five divisions recorded inflation higher than the national average. They were Personal Care, Social Protections and Miscellaneous Goods and Services (60.5%); Furnishing, Household Equipment and Routine Household Maintenance ( 56.9%); Food and Non-Alcoholic Beverages (55.0%); Alcoholic Beverages, Tobacco and Narcotics (48.7%) and ((48.7%); and Housing, Water, Electricity, Gas and Other Fuels (47.4%).
10 food items recorded inflation higher than overall food inflation
For food inflation, Tea and Related Products (150.0%); Cocoa Drinks (86.5%); Fruits and Vegetables Juices (66.7%); Cereals and Cereal Products (64.2%); Sugar, Confectionary and Desserts (62.7%); Oil and Fats (59.5%); Milk and Other Diary Products and Eggs (58.3%); Coffee and Coffee Substitutes (58.2%); Fish and Other Sea Foods (57.7%) and Live Animals, Meat and Other Parts of Slaughtered Land Animals (55.2%); recorded year-on-year inflation higher than the overall food inflation.