You are currently viewing 9% inflation recorded in July – Statistical service
Professor Samuel Kobina Annim, Government Statistician

Inflation has begun rising again as the rate for the month of July 2021 recorded more than one percentage points increase to hit 9%.

According to the Ghana Statistical Service, the increment was largely influenced by the increase in food commodities during the period. However, it is within the Bank of Ghana’s target of 8%+/-2%.

Announcing the new rate, Government Statistician, Professor Samuel Kobina Annim explained that Transport (14.3%) and Housing (14.1%) were also major contributing factors to the rise in inflation, beside food commodities. However, transport contribution has slowed from 18.1% last month to 14.3% in July 2021.

The monthly change rate for July 2021 was 1.63%. While, the Food and Non-alcoholic beverages recorded a year-on-year inflation rate of 9.5 % for July 2021, the Non-Food group recorded a year-on-year inflation rate of 8.6% in July 2021.

Inflation for locally produced items was 9.4%, whilst inflation for imported items was 7.1%, 10 divisions recorded higher rate of inflation relative to same period last year.

Eastern region registered the lowest inflation rate of 3%. Four regions recorded inflation rates above the national average of 9.0%.

Source: myjoyonline.com

Ayuure Atafori
Author: Ayuure Atafori

Leave a Comment