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Ghana’s food Inflation hits highest since August 2009

Ghana

Food inflation pushed Ghana’s March 2022 inflation rate to 19.4%, the highest since August 2009.

Oil and fats (28.2%), water (27.1%), cereal products (25.0%), vegetables (23.8%), fish and other seafood (23.7%), fruits and nuts (22.1%), soft drinks (20.5%), live animals (20.2%) and meat (20.2%) all had higher inflation rates than the national average.

According to the figures, food inflation recorded a rate of 22.4% in March 2022, compared to 17.4% in February 2022.

Non-food inflation rose to 17.0% in March 2021 from 14.5% in February 2022.

Transport had the highest inflation rate of 27.6%, followed by Housing at 21.4%.