Year-on-year inflation rises to 25.8% in March  

The year-on-year inflation rate rose to 25.8%  in March from 23.2% the previous month, the Ghana Statistical Service said on Wednesday. 

This means that in March 2024 the general price level was 25.8% higher than March 2023. 

Month-on-month inflation between December 2023 and January 2024 was 2%. 

At a press briefing, Professor Samuel Annim, the Government Statistician, said food inflation was 29.6% compared to last month’s food inflation rate of 27% with the month-on-month food inflation being one per cent. 

Non-food inflation rate stood at 22.6% in March up from  last month’s non-food inflation  of 20 per cent with the Month-on-month inflation rate at 0.7 per cent. 

Inflation for imported items was 23.8% compared to that for locally produced items, which was 26.6%. 

On regional basis, the Upper East recorded the highest inflation rate of 42.9% while the Oti Region registered the lowest inflation rate of 14.3%.