The Ghanaian Government Statistician, Professor Samuel Kobina Annim has announced that the rate of inflation in Ghana has continued its downward trajectory, dropping from 20.9 per cent in the month of July to 20.4 per cent in August.
Prof Annim told journalists in Accra on Wednesday that food inflation moved from 21.5 per cent in July to 19.1 per cent in August, while Non-food inflation declined from 21.5 per cent July to 20.5 per cent in August.
According to him, the year-on-year rate of inflation for August 2024 was 20.4 per cent, which means that in the month of August, 2024, the general price level was 20.4 per cent higher than August 2023.
He said that inflation on locally produced items also dipped from 23.3 per cent in July to 22.2 per cent in August, while inflation on imported items on the other hand moved up slightly to 16.1 per cent in August as against 15.6 per cent the previous month.
On regional inflation rate, Government Statistician said that the highest regional inflation rate of 27.8 per cent was recorded in the Upper East Region, while the lowest regional inflation was recorded in North East with 10.1 per cent, a rate which is below the national average.
GIK/APA