New data from Government Statistician Samuel Kobina Annim show that annual inflation rose to 42.5% in June, up from 42.2% in May. According to the Ghana Statistical Service (GSS), this increase is primarily due to a large increase in food prices, which has surpassed the national average. Imported goods also saw a significant 43.8% surge.
Locally manufactured commodities, on the other hand, increased at a slower rate, at 36.2%.
Prof. Annim addressed journalists during the release of the June inflation figures, stating that vital staple goods like as vegetables and seafood continued to see significant price increases during this period. He also underscored the need of understanding the causes of rising food inflation and the need to close the gap between food and non-food inflation.
Among the general inflationary trend, rising food costs have become a key source of concern, outpacing the national average by an astounding 54.2% increase.
According to the most recent GSS data, the economy is still being challenged by persistent inflationary pressures.
