The year-on-year rate of inflation for July 2024 has declined to 20.9% from the 22.8% recorded in June this year.
This represents a decline of 1.9 percentage points from that of June which was at 22.8%.
This is the fourth consecutive time that the inflation rate has dropped this year.
Addressing a news conference on Wednesday (14 August), the Government Statistician, Samuel Kobina Annim said the decline was the result of a fall in both food and non-food inflation.
Food inflation declined to 21.5% from 24.0% in June 2024, while non-food inflation also fell to 20.5%.
Inflation on imported items also dropped to 15.6% from 17.5% recorded in June 2024.
Source: Asaaseradio.com
