In the statement dated August 11, 2021, the GSS disclosed that more than three-quarters of the rate of inflation recorded in July 2021 was contributed by food, housing, and transport. “The year-on-year inflation rate as measured by the Combined Consumer Price Index (CPI) was 9.0 percent in July 2021. This rate of inflation for July 2021 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from July 2020 to July 2021. The monthly change rate for July 2021 is 1.63 percent,” parts of the statement explained. Meanwhile, despite an acceleration in figures, inflation remains below reach of the Bank of Ghana's target set for April 2021.

Source: GhanaWeb August 11, 2021 13:52 UTC