Prices of goods and services in April 2023 increased by some 2.4% despite a drop in yearly inflation from 45% recorded in March 2023 to 41.2% for April 2023.
The country’s yearly inflation which peaked in December 2022 at 54% has seen a downward slide since the beginning of the year.
But despite a fourth straight drop in yearly inflation, prices of goods and services in April 2023 rose by some 2.4% against prices of goods and services in March 2023.
This is a reversal in the 1.2% decrease in prices of goods and services from February 2023 to March 2023.
This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) on Wednesday.
Per the data, food inflation also stood at 48.1 and Non- food inflation at 35.8%.
According to Government Statistician, Professor Samuel Kobina Annim, the Western North region recorded the highest food inflation at 78. 3% for the month of April while the Volta region continued to record the lowest inflation among the regions.
Inflation for locally produced items was 38.2%, while inflation for imported items stood at 43.1%.
