The Government Statistician, Prof. Samuel Kobina Annim, has announced that Ghana’s inflation rate for June 2022 peaked at 29.8 percent.
Prof. Annim told journalists through zoom on Wednesday in Accra that the inflation rate for June was 2.6 percent higher than 27.6 percent recorded in May this year.
The Government Statistician explained that it was too early to conclude that inflation might drop in the coming months since the downward trend was dependent on the interventions that policymakers would put in place to check the rate of inflation.
“It all depends on how we are going to sustain whatever interventions we are putting in place and counter-inflation, so let’s monitor this closely in the coming months,” the report by the Graphic on Thursday quoted Prof. Annim as saying.
According to the report, the inflation rate was largely pushed by transportation, which saw a 41.6 percent rise in inflation compared to 39.0 percent in May, while Household Equipment and Maintenance also hit 39.6 percent, up from 33.8 percent and Housing, Water, Electricity and Gas hit 38.4 percent, up from 32.3 percent.
It added that Food inflation also increased marginally to 30.7 percent, up from 30.1 percent last month and non-food inflation was 29.1 percent an increase on the 25.7 percent recorded in May.
According to the report, the inflation for imported goods was 31.3 percent, which is higher than 28.2 percent recorded in May 2022, while the inflation for locally produced items was 29.2 percent, up from the 27.3 percent recorded in May 2022.
GIK/APA