Year-on-year inflation keeps remaining high as June 2023 went up marginally to 42.5%.
According to data from the Ghana Statistical Service, this was driven by the high food inflation.
The month-on-month inflation between May 2023 and June 2023 was however 3.2%
Food inflation reached 54.2% in June 2023, from 51.8% in May 2023.
Fish and other seafood (60.1%); Milk, other dairy products, and eggs (56.5%) and oil and fats (55.1%) recorded a very high inflation rate.
Non-food Inflation however dipped to 33.4% in June 2023, from 34.6 % recorded in 2023.
Inflation for locally produced items was however 35.9%, but inflation for imported items was 44.5%.
According to the data, five divisions recorded an inflation rate higher than the national average.
They were Personal care, social protection, and miscellaneous goods and service (55.1%); Furnishings, household equipment, and routine household equipment (54.2%); Food and non-alcoholic beverages (54.2%); Housing, water, electricity, gas, and other fuels (49.2%) and Alcoholic beverages, tobacco and narcotics (43.9%).
For the regions, the Western North region recorded the highest inflation of 61.8%.
Interestingly, the Greater Accra region recorded the lowest inflation of 30.5%.
For food inflation, the North East region recorded the highest of 79.0%. It again registered the highest inflation of 46.7% for non-food inflation.