Inflation for the month of March 2023 has considerably decreased to 45.0 percent.
Compared to the 52.8 percent observed in February 2023, this indicates a 7.8 percentage point drop.
The Consumer Price Index (CPI) data that the Ghana Statistical Service (GSS) released on Wednesday reflected this.
- In September, producer price inflation reached 45.6%.
- India’s central bank hikes interest rates to tame inflation
According to the report, non-food inflation was at 40.6%, while food inflation was similarly 50.8%.
According to government statistician Professor Samuel Kobina Annim, the Western North had the highest rate of inflation at the regional level, at 67.3 percent.
With a rate of 25.6 percent, the Volta area had the lowest inflation.
