March inflation surges to 25.8% from 23.2% recorded in February

“Disaggregating this for the food and non-food perspective, the rate of inflation for food was 29.6% relative to non-food 22.6%.

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Inflation for March has increased to 25.8 percent, a rise from the 23.2 percent observed in February 2024, indicating a 2.6 percentage point surge.

The food inflation rate also shot up, moving from 27.0 per cent in February to 29.6 percent in March. Meanwhile, non-food inflation for March was reported at 22.6 percent.

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This information was disclosed by Government Statistician Professor Samuel Kobina Annim on Wednesday, April 10.

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“In the month of March 2024, rate of inflation stood at 25.8%, year-on-year inflation relative to 23.2 % recorded for the month of February 2024. This indicates that we have a seen a surge in the rate of inflation by 2.6%, increasing from 23.2% to 25.8% for the month of March 2024.”

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“Disaggregating this for the food and non-food perspective, the rate of inflation for food was 29.6% relative to non-food 22.6%. Both food and non-food inflation have seen a 2.6% increase in its rate of inflation between February and March 2024,” he stated.

Meanwhile, there was a decline in inflation in February with the figure standing at 23.2%.

This represented a 0.3 percentage point decrease from the 23.5 percent recorded in January.

Source: Citinewsroom

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