Ghana’s June 2023 inflation rate climbed slightly from the 42.2 percent seen in May 2023 to 42.5 percent.
Food and non-food goods account for 54.2% and 33.4%, respectively, of this inflationary tendency, according to the government statistician, Professor Samuel Kobina Annim.
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.
Prof. Samuel Kobina Annim advised policymakers to take a critical look at factors contributing to the increase in 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 up. We have seen about a 20 percentage point change between food inflation and non-food inflation.”
After reaching a more than two-decade high of 54.1% in December, inflation had gradually declined for four consecutive months until April.
