Inflation for imported goods shoots to 28.2%

The inflation for imported goods was 28.2%, which is higher than the 24.7% recorded for April 2022, the Ghana Statisrical Service (GSS) has announced.

The GSS further indicated that inflation for locally produced items was 27.3%, up from the 23.0% recorded in April 2022.

Focusing on year-on-year food inflation for May 2022, the GSS five sub-classes record inflation rates higher than the overall food inflation (30.1%).

This was distantly led by Oils and Fats (52.0%) followed by Water (42.4%), the Government Statistician, Professor Kobina Annim, explained at a press conference in Accra on Wednesday June 8.

On a month-on-month basis, three sub-classes recorded inflation rates higher than the overall inflation (4.0%). This was led by Oil and Fats (6.5%) followed by Vegetables (5.4%) and Cereal Products (5.3%).

The national rate recorded 27.6% from the 23.6% recorded in April 2022.

that 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%).

Regarding food inflation five sub-classes record inflation rates higher than the overall food inflation (30.1%) in May.

The inflation for imported goods was 28.2%, which is higher than the 24.7% recorded for April 2022, while the inflation for locally produced items was 27.3%, up from the 23.0% recorded in April 2022.

Source: 3news.com|Ghana