Inflation for June 2024 drops to 22.8% from 23.1%

The latest data from the Ghana Statistical Service indicates that inflation for June has dropped to 22.8%.

The figure represents a 0.3 percentage decrease from the 23.1 percent rate of inflation recorded in May 2024.

The month-on-month rate for June also witnessed a decrease, recording 2.9 percent.

Per the Consumer Price Index data released by the GSS, food and non-food inflation stood at 24.0 percent and 21.6 percent respectively.

The Government Statistician, Professor Samuel Kobina Anim, gave a breakdown of the figures in an address to the media in Accra on Wednesday, July 10, 2024.

“The year-on-year inflation for June 2024 stood at 22.8 percent, signalling that between June 2023 and June 2024, the prices of goods and services went up by 22.8 percent. This rate of inflation indicates a slowdown by 0.3 percentage points on a month-on-month basis as the rate for May 2024 stood at 23.1 percent.”

Prof. Anim added that “the Upper East region recorded the highest rate of inflation with 35.20 percent, with the Oti region recording a rate of 12.5 percent.”

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