The Ghana Statistical Service (GSS) has announced that the year-on-year inflation rate as measured by the Consumer Price Index (CPI) was 9.4 per cent in July 2019, a 0.3 percentage point increase from the 9.1 per cent recorded in June 2019.

The July rate is the percentage change in the Consumer Price Index (CPI) over the 12-month period from July 2018 to July 2019.

The monthly change rate for July 2019 was 0.6 per cent compared with the 0.8 per cent recorded for June 2019.

The Food and non-alcoholic beverages group recorded a year-on-year inflation rate of 6.6 per cent. This is 0.1 percentage point lower than the rate recorded in June 2019. Six subgroups of the food and non-alcoholic beverages group recorded inflation rates higher than the group’s average rate of 6.6 per cent.

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