The year-on-year inflation rose slightly in July to 11.
4 percent compared with 11.
2 percent in June, 2020.
Professor Samuel Kobina Annim, the Government Statistician, said at a briefing that after large price increased in March to June, the month-on-month inflation rate of 0.
5 percent seem to indicate that prices are increasing at pre-COVID-19 levels again.
Food inflation stood at 13.
7 percent and non-food inflation was 9.
Difference between locally produced items 14.
1 percent and imported items 5.
1 percent was 9.
“Vegetables records noticeable month-on-month variation and drives year-on-year food inflation,” he said.
With the exception of fuels, most product categories saw month-on-month inflation rates comparable to the period October 2019 to March 2020, Prof.
He said only two of the thirteen Divisions had higher than average inflation rates; Housing, Water, Electricity and Gas (20.
3 per-cent) and food and Non- Alcoholic Beverage 13.
On Regional basis, the overall year-on-year inflation ranged from 4.
2 percent in the Volta Region to 16.
2 percent in Greater Accra.
In all, but Greater Accra, Northern Region, and Volta Region, food inflation was higher than the non-food inflation, especially in Western Region at 19.
8 percent food inflation compared to 7.
2 percent non-food inflation.
“We see large differences between the Food and Non-Food inflation, these patterns are similar to those observed last month,” he said.
He said the month-on-month inflation was between 0.
5 per-cent in the Western Region and 1.
6 per-cent in the Upper West Region, with the exception of the Transport Division, other divisions saw a lower month-on-month inflation between June and July, 2020 than on average between April and June 2020.
He said the rates indicated that prices were increasing at pre-COVID-19 levels with the exception of fuels, most product categories saw month-on-month inflation rates compared to the period October 2019 to March 2020.