August Inflation Hits 9.7% – Ghana Statistical Service

The year-on-year inflation rate for August stood at 9.7 percent compared to 9.0 percent in July, the Government Statistician Professor Samuel Kobina Annim said on Wednesday.

The month-on-month inflation between July 2021 and August 2021 was 0.3 percent.

Speaking at a press briefing in Accra, Prof Annim said food and non-alcoholic beverages were the dominant drivers for the higher rate of inflation in August 2021.

He said food contributed more than half to overall inflation when combined with housing more than two-thirds, and further including transport more than four-fifths.

The Government Statistician said the year-on-year variation between food inflation of 10.9 percent and non-food inflation of 8.7 percent was 2.2 percent.

The Month-on-Month food inflation for the month was less than non-food inflation by 0.1 percentage points.
He said inflation for locally produced items continued to dominate imported items but imported items show a marginally higher increase.

By: Isaac Clottey

Inflation for locally produced items was 10.3 percent while inflation for imported items was at 8.1 percent.
However, inflation rates for the Northern, Upper East, and Upper West regions continue to soar.

By: Isaac Clottey

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