Ghana: April inflation rate peaks at 23.6%

By Agence de Presse Africaine Last updated May 12, 2022

Kobina Annim, said that the Month-on-month inflation between March 2022 and April 2022 was 5.1 per cent. The report by the Daily Graphic newspaper said that the national year-on-year inflation rate increased by 4.2 percentage points to 23.6% in April 2022, while Month-on-month inflation between March 2022 and April 2022 was 5.1%. According to the report, food…

APA – Accra (Ghana) The Ghana Statistical Service has announced that the national year-on-year inflation rate increased by 4.2 percent to 23.6% in April 2022.

The Government Statistician, Prof. Kobina Annim, said that the Month-on-month inflation between March 2022 and April 2022 was 5.1 per cent.

He explained that inflation rates above the national average of 23.6% were recorded in several goods and services like housing, food, electricity with transport recording the highest inflation rate of 33.5%.

The report by the Daily Graphic newspaper said that the national year-on-year inflation rate increased by 4.2 percentage points to 23.6% in April 2022, while Month-on-month inflation between March 2022 and April 2022 was 5.1%.

It added that April’s food inflation of 26.6% was higher than both March’s food inflation of 22.4% and the average of the previous 12 months of 13.5%.

According to the report, food inflation’s contribution to total inflation however, decreased from 51.4% in March 2022 to 50.0% in April 2022, while the overall month-on-month food inflation was 5.8%, which is higher than both the twelve month national month-on-month rolling average of food inflation (2.0%) and the rate recorded for April 2021 (2.3%).

GIK/APA