Year-on-year inflation crossed the 30% mark to hit 31.7% in the month of July 2022, data from the Ghana Statistical Service has revealed.
However, the rate of inflation slowdown in the month under review, as inflation went up by 1.9% over that of June 2022 (29.8%).
According to the GSS, the increase in inflation was once again caused by Transport (44.6%); Housing, Water, Electricity, Gas and Other Fuels (43.0%); Furnishings, Household Equipment and Routine Household Maintenance (42.0%); Recreation, Sport and Culture (33.8%); Personal Care, Social Protection and Miscellaneous Goods and Services (33.7%) and Food and Non-Alcoholic Beverages (32.3%).
Indeed, six divisions recorded an inflation rate higher than the national average.
Food inflation went up to 32.3% in July 2022, from 30.7% in June 2022.
Again, non-food inflation also shot up to 31.3% in July 2022, from 29.1% the previous month.
Similarly, inflation for locally produced items was 30.9%, whereas inflation for imported items was 33.9%.
