Inflation rate increases to 31.7% in July

Inflation rate for the month of July 2022 was 31.7 per cent, the Ghana Statistical Service (GSS) has announced on Wednesday August 10.

This is up from the 29.8 per cent recorded in June.

On year-on-year basis, the difference between Food inflation (32.3%) and Non-food (31.3%) was 1 percentage points.

On month-on-month basis, food inflation (3.3%)  records a higher rate than non-food (3.0%), leading to 0.3 percentage point difference.

The percentage point increase in Non-food inflation (2.1) between June and July 2022 is higher than food inflation (1.6).

The percentage point difference between inflation for imported items (33.9%) and locally domestic items (30.9%) was 3%.

source:3news