Ghana’s consumer inflation rate rose by 1.6 percentage points to 5.3 percent year on year in June from 3.7 percent in May, the Ghana Statistical Service said Wednesday.
The increase marked the third consecutive increase in inflation in the past 17 months, following a prolonged downward trend since December 2024, when inflation stood at 23.8 percent.
Government Statistician Alhassan Iddrisu said during the monthly data release in Accra, the country’s capital, that the rise in the headline inflation rate was mainly driven by higher non-food prices during the month under review.
Food inflation accelerated to 3.9 percent year on year in June from 3.3 percent in May, while non-food inflation increased to 6.3 percent year on year in June from 4.1 percent in May, Iddrisu said.
According to him, inflation for locally produced goods rose to 6.7 percent in June, from 5.0 percent in May, while inflation for imported items increased to 2.3 percent from 0.9 percent.
Ghana’s official medium-term inflation target band is from 6.0 percent to 10 percent, according to the Bank of Ghana.