Thursday, 28 March

CPI for July 2022 was 173.0 relative to 121.3 in July 2021

Business
GSS boss

The Consumer Price Index (CPI) for July 2022 was 173.0 relative to 121.3 in July 2021, the Ghana Statistical Service has announced.

Year-on-year inflation rate for July 2022 was 31.7%.

This means that in the month of July 2022 the general price level was 31.7% higher than July 2021.

Month-on-month inflation between June 2022 and July 2022 was 3.1%

DISAGGREGATION OF JULY 2022 RATE OF INFLATION

 

§ Food inflation (0.437) was 32.3%, last month this was 30.7%

 

§ Average over last 12 month was 19.4%

§ Month-on-month Food inflation was 3.3%.

§ Non-food Inflation (0.563) was 31.3%, last month this was 29.1 %, average over last 12 month was 17.2%.

Month-on-month Non-Food inflation was 3.0%.

Inflation for locally produced items was 30.9%.

Inflation for imported items was 33.9%

Source: Classfmonline.com/Emmanuel Mensah