Ghana Inflation Drops Sharply To 45% In March – Government Statistician Prof. Samuel Kobina

Inflation for March has dropped appreciably to 45% from the preceding 52.8% recorded in February 2023.

This is ready a 7.8% decline inspired through a few deflation recorded in the Food and non-alcoholic drinks group.

The drop is enormous because of the extent of growth recorded through inflation some months ago, after it declined to 52.8 % in February 2023.

This data was captured in the Consumer Price Index (CPI) records launched through the Ghana Statistical Service (GSS) on Wednesday, April 12.

Per the records, meals inflation additionally stood at 50.8% and Non- meals inflation at 40.6%.

According to Government Statistician Prof. Samuel Kobina Annim, the autumn indicates the continued downward fashion of inflation.

Only some sub-companies recorded inflation in the course of the period. The Western North location recorded the very best charge of inflation at the same time as the Volta location changed into the least.