April saw a 41.2% decrease in inflation.

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Inflation for the month of April 2023 was 41.2%.

In comparison to the 45.0% reported in March 2023, this indicates a 3.8 percentage point drop.

The Consumer Price Index (CPI) data that the Ghana Statistical Service (GSS) released on Wednesday reflected this.

According to the report, both food and non-food inflation were at 48.1 and 35.8% respectively.

Government Statistician, Professor Samuel Kobina Annim said the Western North region recorded the highest food inflation at 78. 3% for the month of April while the Volta region continued to record the lowest inflation among the regions.

Inflation for locally produced items stood at 38.2%, whereas inflation for imported items stood at 43.1%.

For the month-on-month, inflation stood at 2.4% in April 2023. Food and Alcoholic Beverage recorded the highest inflation of 4.3%, whilst non-food inflation was 0.7%.

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