Inflation for June 2024 drops to 22.8% from 23.1%

The
latest
data
from
the
Ghana
Statistical
Service
indicates
that
inflation
for
June
has
dropped
to
22.8%.

The
figure
represents
a
0.3
percentage
decrease
from
the
23.1
percent
rate
of
inflation
recorded
in
May
2024.

The
month-on-month
rate
for
June
also
witnessed
a
decrease,
recording
2.9
percent.

Per
the
Consumer
Price
Index
data
released
by
the
GSS,
food
and
non-food
inflation
stood
at
24.0
percent
and
21.6
percent
respectively.

The
Government
Statistician,
Professor
Samuel
Kobina
Anim,
gave
a
breakdown
of
the
figures
in
an
address
to
the
media
in
Accra
on
Wednesday,
July
10,
2024.

“The
year-on-year
inflation
for
June
2024
stood
at
22.8
percent,
signalling
that
between
June
2023
and
June
2024,
the
prices
of
goods
and
services
went
up
by
22.8
percent.
This
rate
of
inflation
indicates
a
slowdown
by
0.3
percentage
points
on
a
month-on-month
basis
as
the
rate
for
May
2024
stood
at
23.1
percent.”

Prof.
Anim
added
that
“the
Upper
East
region
recorded
the
highest
rate
of
inflation
with
35.20
percent,
with
the
Oti
region
recording
a
rate
of
12.5
percent.”




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