By Edzorna Francis Mensah
The inflation rate for July 2023 on Year-on-year stood at 43.1 percent, meaning that in July 2023, the general price level was 43.1 percent higher than in July 2022.
The month-on-month inflation between June 2023 and July 2023 was 3.6 percent and Consumer Price Index (CPI) for July 2023 was 191.0 relative to 133.5 for July 2022.
At a news conference on August 9, 2023, in Accra, the government Statiscian of the Ghana Statistical Service (GSS) Professor, Samuel Kobina Anim, said “food inflation (0.427) was 55.0%; last month’s food inflation was 54.2% and the month-on-month food inflation rate was 3.8%.
Non-food inflation (0.573) was 33.8%-last month’s non-food inflation was 33.4 % and month-on-month non-food inflation was 3.4%”.
He stressed the fact that inflation for locally produced items was 37.5% and inflation for imported items was 45.7%.
