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Sunday, June 16, 2024

Ghana: Inflation Drops Marginally to 25.0 % in April

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The nation’s year-on-year inflation fee fell to 25.0 per cent in April from 25.8 in March, the Ghana Statistical Service (GSS) has introduced.

Month-on-month inflation between March and April this 12 months stood at 1.8 per cent.

Information made out there to the Ghanaian Occasions in Accra on Wednesday on the Ghana April 2024 Shopper Value Index and Inflation by the GSS attributed the marginal fall within the April inflation fee to the drop in meals inflation fee.

Meals inflation fee, the info stated, fell by 2.1 per cent to 26.8 per cent in April from 29.6 per cent in March.

Greens, tubers, plantains, cooking bananas and pulses, ready-made meals and different meals merchandise, fish and different sea meals, fruits and nuts, sugar, confectionery and desserts recorded inflation charges of 39.5 per cent and 27.2 per cent, 29.6 per cent, 27.7 per cent, 27.1 per cent respectively, which have been above the nationwide common of 26.8 per cent.

Additionally, fruits and vegetable juices, espresso and low substitutes, tea and associated merchandise and cocoa drinks additionally recorded inflation charges of 33.1 per cent, 39.5 per cent, 59.3 per cent and 63.4 per cent respectively.

Cereals and cereal merchandise, milk and different dairy merchandise and eggs, oil and fat, water and gentle drinks recorded inflation charges of 15.4 per cent, 19.7 per cent, 18.4 per cent, 8.9 per cent, 25.5 per cent respectively under the nationwide common of 26.8 per cent.