Inflation rate drops from 38.1% to 35.2% in October
Inflation rate for October 2023 has declined significantly from 38.1 percent to 35.2 percent. This indicates that year-on-year, the average prices of goods and services between October 2022 and 2023 went up by 35.2 percent. The rate represents a 2.9 percentage points decrease from the September rate of 38.1 percent. Speaking at a media briefing […]
Year-on-year inflation for January drops to 53.6% from 54.1%
The year-on-year inflation fell, for the first time in 19 months, at 53.6 per cent in January 2023 from 54.1 per cent in December 2022. The January rate drop of 0.5 percentage points was on the back of a fall in non-food inflation. The month-on-month inflation rate between December 2022 and January 2023 is 1.7 […]
Inflation jumps to 37.2%, September 2022
By: Edzorna Francis Mensah The Ghana Statistical Service has revealed that the year-on-year inflation rate for September 2022 based on the 16 administrative Regions as reviewed stood at 37.2%. The month-on-month inflation between August 2022 and September 2022 was 2.0% and the CPI for September 2022 based on the new series stood at 140.6%. The […]
Ghana’s inflation hits 33.9% in August
By: Edzorna Francis Mensah Ghana’s Consumer Price Index jumped to 33.9% in August 2022, up from 31.7% in July 2022, with 1.9% month-on-month inflation between July 2022 and August 2022. This means that in the month of August 2022, the general price level was 33.9% higher than in August 2021. The CPI in August 2022 […]
Inflation rates will continue to soar – Economist
An Economist with the Policy Initiative For Economic Development, Dr Daniel Amateye Anim has painted a gloomy picture of the economy in the midst of rising inflation rates. He has predicted that inflation rates will continue to soar in the coming months because of the current situation. The country’s inflation currently stands at 31.7 and […]
Ghana’s rising inflation more of fiscal policy, not monetary policy issue – Government statistician
By: Franklin ASARE-DONKOH The Government Statistician at the Ghana Statistical Service (GSS), Prof. Samuel Kobina Annim has disclosed that Ghana’s current rising inflation has more to do with the country’s fiscal policies rather than monetary policy. According to the Government Statistician, data collected by his outfit indicates that the rising cost of goods can only […]
