Inflation drops in August 2023 to 40.1 percent

by Mawuli
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Source: newsthemegh.com

According to the Ghana Statistical Service, the consumer price index for August 2023 was 190.6 in comparison to 136.0 for August 2022.

The annual rate of inflation in August 2023 was 40.1 percent. As a result, the general price level in August 2023 was 40.1 percent higher than it was in August 2022.

Between July 2023 and August 2023, monthly inflation was -0.2%.

The GSS reported a 51.9% increase in food inflation (0.427). Food inflation for the past month was 55.0%.

Month-on-month food inflation was -0.3%.

Non-food inflation (0.573) was 30.9%

Last month’s non-food inflation was 33.8 %

Month-on-month non-food inflation was -0.2%

Inflation for locally produced items was 42.4%

Inflation for imported items was 36.2%

Government Statistician Professor Samuel Kobina Anim announced the figures on Wednesday, September 13.

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