The third straight month of rising inflation in Ghana saw it hit a new high of 43.1%, up from 42.5% the previous month.
Professor Samuel Kobina Annim, a government statistician, released the updated data on Wednesday, August 9.
While non-food products saw inflation of 33.8%, food costs jumped dramatically to 55.0%. While announcing the Consumer Price Index (CPI) figures for July 2023, Professor Annim emphasised the significance of adopting a strategy that combines financial assistance with practical actions. vs inflation
Inflation, often seen as the silent enemy of purchasing power, has gradually eroded the value of the Ghanaian currency and affected the cost of goods and services across the country.
The marginal increase from 42.5 to 43.1 will affect different sectors of the economy, from goods to luxury