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Thursday, November 21, 2024
BusinessInflation rate drops from 20.9% in July to 20.4% in August

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Inflation rate drops from 20.9% in July to 20.4% in August

The inflation rate for August has decreased marginally to 20.4%, a slight drop from the 20.9% recorded in July.

According to the Ghana Statistical Service, this reduction is primarily due to a decrease in food inflation, which fell to 19.1% from 21.5% in the previous month.

Despite this, non-food inflation experienced an increase, rising by 0.7 percentage points to 21.5% in August from 20.5% in July.

The mixed trends highlight ongoing inflationary pressures affecting different sectors of the economy.

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