APA – Accra (Ghana)
The inflation rate for the month of April dropped to 41.2 per cent from 45.0 per cent in March, the Ghana Statistical Ser¬vice has said.
Prof. Samuel Kobina An¬nim, the Government Statistician, said in Accra on Wednesday that the inflation rate had slowed for the fourth consecutive month.
He attributed the 3.8 percentage point drop in the rate to the fall in non-food items.
According to him, the month-on-month inflation rate between March 2023 and April 2023 was 2.4 per cent and that in the month of April 2023, the general price level was 41.2 per cent higher than in April 2022.
The food inflation decreased to 48.7 per cent from the previous month’s food inflation of 50.8 per cent with the month-on-month food inflation at 4.3 per cent, while the non-food inflation for April 2023 decreased to 35.4 per cent from 40.6 per cent in March 2023.
“The month-on-month non-food inflation was 0.7 per cent in April.
“The inflation for locally produced items stood at 38.2 per cent in April 2023, while inflation for im¬ported items was 43.1 per cent,” local media report quoted Prof. Annim as saying.
It added that the Western North region recorded the highest inflation rate of 64.0 per cent, while the Volta Region has the lowest regional inflation rate of 28.0 per cent.
GIK/APA