June 2024 inflation: Tomatoes, 19 other products record price hikes above 40%

The
latest
data
released
by
the
Ghana
Statistical
Service
indicates
that
inflation
has
dropped,
with
the
June
figure
standing
at
22.8%.

The
figure
represents
a
0.3
percentage
decrease
from
the
23.1
percent
recorded
in
May.
However,
Ghana
Statistical
Service
has
identified
several
items
at
both
national
and
household
levels
that
may
require
policy
interventions
due
to
significant
price
hikes.

Data
from
the
service
indicates
that
prices
of
certain
items
have
also
increased
compared
to
the
same
period
in
2023.

Notably,
food
items
such
as
Okro,
green
pepper,
tomatoes,
and
other
food
and
non-food
items
were
among
the
top
20
experiencing
notable
price
increases.

Data
from
the
Ghana
Statistical
Service
indicate
that
prices
of
certain
items
have
risen
by
over
40
percent
compared
to
the
same
period
in
2023.

According
to
the
data,
fresh
Okro
topped
the
list
with
a
year-on-year
inflation
of
87.8%,
while
fresh
green
pepper
ranked
second
with
a
year-on-year
inflation
of
71.0%.

Fresh
tomatoes
ranked
third
with
a
yearly
average
price
change
of
67.5%
and
a
monthly
price
variation
of
27.1%.

Nine
new
entrants
include
oranges
with
year-on-year
inflation
of
55.9%,
garlic
with
a
50.1%
price
change,
avocado
pear
with
a
48.3%
year-on-year
price
change,
and
cocoyam
leaves
with
a
price
change
of
46.5%.




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