Sunday, October 1, 2023
Google search engine
HomeBusinessJune 2023 Inflation Is 42.5%

June 2023 Inflation Is 42.5%


Inflation for the month of June 2023 in Ghana climbed somewhat 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 products, which account for 54.2% and 33.4% respectively.

Locally produced commodities had an inflation rate of 35.9%, while imported items had a higher inflation rate of 44.5%.

The Ghana Statistical Service indicates that prices of vegetables, such as tomatoes, showed an increase in average costs.

Prof. Samuel Kobina Annim recommended policy makers to take a serious look at issues contributing to the increase of food inflation.

“At the minimum we see a widening of the gap between food and non-food inflation. We need to focus on why we see food inflation going higher. We have witnessed around a 20 percentage point difference between food inflation and non-food inflation.”



Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments