Ghana’s inflation has surged for the third consecutive month, reaching a new high of 43.1% in July, up from the previous mark of 42.5%. These latest figures were announced on Wednesday, 9 August 2023, by government Statistician Prof. Samuel Kobina Annim.
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Food prices experienced a significant rise, hitting 55.0%, while non-food items saw inflation at 33.8%.
Professor Annim, in revealing the Consumer Price Index (CPI) data for July 2023, emphasised the necessity of combining monetary assistance with interventions in the real sector to effectively address this inflationary trend.
Source: classfmonline.com