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Sunday, 14th August 2022
4:39:55am

Rising cost of food prices pushed Ghana’s inflation rate in the month of March 2022 to 19.4%, the highest since August 2009.

According to the Ghana Statistical Service, Foodstuffs such as Oil and Fats (28.2%), Water (27.1%), Cereal Products (25.0%), Vegetables (23.8%), Fish and Other Seafood (23.7%), Fruits and Nuts (22.1%), Soft Drinks (20.5%), Live Animals, and Meat (20.2%) recorded inflation rate, higher than the national average.

According to the figures, food inflation recorded a rate of 22.4% in March 2022, compared to 17.4% in February 2022.

Non-food inflation however recorded a rate of 17.0% in March 2021, from 14.5% recorded in February 2022.

Transport including fuel recorded the highest inflation rate of 27.6%, followed by Housing with an inflation rate of 21.4%.

-VOA

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