Inflation rate for March 2022 records 19.4%

The Ghana Statistical Service (GSS) has announced on Wednesday April 13 that inflation rate for March 2022 was 19.4%.

This means that in the month of March 2022 the general price level was 19.4% higher than in March 2021, the Government Statistician Professor Samuel Annim said at a press conference in Accra.

“Year-on-Year change in food inflation (five percentage points) between February 2022 and March 2022 is twice non-food inflation )2.5 percentage points),” he said adding that “Year-on-Year change in food inflation is almost twice the 12-month rolling average from April 2021 to March 2022.”

Across the 13 divisions, rank of the top three has changed in March 2022.

Rate of inflation for Transport (26.6%) surpasses both Food and Non-Alcoholic Beverages (22.4%) and Housing, Water, Electricity and Gas (21.4%).

All three record inflation rates higher than the national average (19.4%).

Inflation rates for four divisions in March 2022 [Household equipment and maintenance (18.5% vs. 8.5%) ; Recreation, Sports and Culture (17.0% vs. 8.4%) ; Personal Care and Miscellaneous Goods(17.0% vs. 8.5%) ; and Education Services(2.9% vs. 1.1%) ) are least twice the rates for the rolling average from April 2021 to March 2022.

Source:3news