Inflation rate drops 20.4%
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The inflation rate for the month of August has dropped marginally to 20.4% from 20.9% recorded in July.
According to the Ghana Statistical Service, the marginal slowdown in the rate of inflation from August last year compared to August 2024 was influenced by a reduction in food inflation.
Food inflation went down again to 19.1% from 21.5% in July 2024.
Non-food inflation however saw some 0.7 percentage points increase in inflation to 21.5% in August 2024 from 20.5% in July 2024.
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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