Inflation for July increases to 11.4%

August 13, 2020

Data released by the Ghana Statistical Service, GSS, indicate that, the Consumer Price Index (CPI) for July 2020 has increased to 11.4 percent.

The increase represents a 0.2 percentage point relative to the 11.2 percent recorded in June 2020.

The Consumer Price Index measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption.

A statement issued by the GSS indicates that, the 11.4 percent shows that increases in food prices continued to influence the rate of inflation.

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