Charcoal, Pear and 13 Other items Driving Inflation In Ghana

Ghana’s inflation jumped to 27.6% from the 23.6% recorded in April, 2022, according to recent figures from the Ghana Statistical Service (GSS).

The GSS blamed this on the increase in transport fares and food prices.

According to the Government Statistician, Professor Kobina Annim, the rate of inflations for transport (39.0%), household equipment and maintenance (33.8%), housing, water, gas and electricity (32.3%) and food and non-alcoholic beverages (30.1.6%) were higher than the national average (27.6%).

In May, 2022, 12 of the 13 divisions recorded inflation rates higher than the rolling average from June, 2021 to May, 2022.

Data from the Ghana Statistical Service (GSS) has revealed the top 15 items, both food and non-food, driving inflation in the country.

These items, despite their variations, are largely driven by local products.

The data show that 56.2% of the items are food and non-food products locally produced, while 43.8% are imported.

This comes after the Service announced last week that Ghana’s inflation had jumped to 27.6% in May 2022 from 23.6% recorded in April.

Grapes, which are imported made it to the top of the list and saw a 100.8% inflation.

It is closely followed by diesel, 81.1%, and also imported while firewood which is a local non food saw 73.7% year-on-year inflation.

Avocado pear and watermelon which are season foods clocked 54.4% and 73.2% respectively.

 

 

Below is the full list of the top 15 drivers of inflation in Ghana:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source:  MyGhanaMedia.com