The national year-on-year inflation rate was 33.9% in August 2022 which is 2.2 percentage points higher than the recorded 31.7% in July 2022, Ghana’s Statistical Service (GSS) has said.
This means that in the month of August 2022 the general price level was 33.9 % higher than in August 2021.
The month-on-month inflation between July 2022 and August 2022 was 1.9 %.
Addressing a news conference in Accra, the capital city of Ghana, on Wednesday (14 September) Prof Samuel Kobina Annim, said the inflation rate for August was mainly driven by transport and utilities.
Regional breakdown
Western Region recorded the highest food inflation (47.0%) and Eastern Region, had the highest non-food inflation (42.0%).
The Eastern Region recorded the overall highest inflation (41.0%) with the Upper East Region recording the least rate of inflation of 22.8%.
Transport (68.7%) recorded the highest rate of inflation in the Eastern Region, for food inflation in the Western Region, Fish and Other Seafood had the highest rate of inflation of 64.0%.
