Ghana's
inflation has dropped to 41.2% for the month of April 2023 representing a 3.8
percentage point decrease from the 45.0% recorded in March 2023.
Meanwhile, Volta
region recorded the lowest inflation of 28%
This was
announced by the Ghana Statistical Service (GSS) on Wednesday, April 10, 2023,
in its Consumer Price Index (CPI) data.
The Western
North region recorded the highest food inflation at 78. 3% for the month under
review while the Volta region recorded the lowest inflation.
Inflation for
locally produced items stood at 38.2%, while inflation for imported items stood
at 43.1%.
Month-on-month
inflation is 2.4%.
Food and
Alcoholic Beverage recorded the highest inflation of 4.3%, whilst non-food
inflation was 0.7%.
8 food items
recorded inflation higher than overall food inflation
For food
inflation, Tea and Related Products (82.3%); Cereals and Cereal Products
(62.9%); Milk and Diary Products (61.8%); Fish and Other Sea Foods (58.3%);
Sugar, Confectionary and Desserts (56.7%); Fruit and Vegetable Juices (55.2%);
Oil and Fats (53.2%) and Water (49.6%) recorded year-on-year inflation higher
than the overall food inflation.
For the
month-on-month, inflation stood at 2.4% in April 2023. Food and Alcoholic
Beverage however recorded the highest inflation of 4.3%, whilst non-food
inflation was 0.7%.
Volta region
records lowest inflation of 28%
The Volta region
continued to record the lowest inflation among the the regions. It recorded
28.0% year-on-year inflation in April 2023.
On the other
hand, the Western North region registered the highest inflation of 64.0%
Ghana’s populous
regions – Ashanti and Greater Accra recorded inflation of 31.3% and 39.1%
respectively.
SOURCE: PULSE.COM.GH
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