Inflation for the month of June 2023 in Ghana increased marginally to 42.5 percent compared to the 42.2 percent recorded in May 2023.
According to the government Statistician, Professor Samuel Kobina Annim, the main drivers of this inflationary trend are food and non-food items, which account for 54.2% and 33.4% respectively.
Locally produced items witnessed an inflation rate of 35.9%, while imported items had a higher inflation rate of 44.5%.
The Ghana Statistical Service reports that prices of vegetables, such as tomatoes, saw an increase in average prices.
Professor Samuel Kobina Annim counseled policymakers to examine the causes of the rise in food inflation critically.
“At the very least, we observe a widening of the difference between inflation for food and non-food items. We must concentrate on the causes of the rising cost of food. The difference in inflation between food and non-food has changed by around 20%.
SOURCE: Citinewsroom
