Inflation slows to 20.4% in August 2024

Inflation for August has slowed to 20.4% from the 20.9% recorded in July 2024.

The Ghana Statistical Service said the marginal reduction in the rate for August 2024 compared to the same month in 2023 can be attributed to a reduction in food inflation.

In August, food inflation decreased to 19.1% from 21.5% in July 2024.

Non-food inflation also increased by 0.7 percentage points to 21.5% in August 2024 from 20.5% in July 2024.

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