According to the most recent data from the Ghana Statistical Service (GSS), inflation increased year over year by an additional 2.2 percent to 29.8 percent in June 2022.
Since December 2003, this is the highest level ever noted. Once again, transportation (41.6%), household equipment and maintenance (39.6%), housing, water, gas, and electricity (38.4%), personal care and miscellaneous (31.7%), recreation, sports, and culture (31.3%), and food and non-alcoholic beverages (31%) were the main drivers of inflation (30.7%). The inflation rates for these items were higher than the national average.
The data show that food inflation increased from 30.1 percent in May 2022 to 30.7 percent in June 2022.
In June 2022, non-food inflation increased by 3.4 percentage points to 29.1 percent. Similar to this, there was 3.0 percent month-over-month inflation between May 2022 and June 2022. While the inflation rate for goods made in-country was 29.2%, it was 31.3% for goods imported.