Ghana’s inflation rate eased slightly in August to 20.4%, down from 20.9% in July, according to the latest figures from the Ghana Statistical Service.
The modest deceleration was largely attributed to a reduction in food inflation, which fell to 19.1%, down from 21.5% in the previous month.
However, this was counterbalanced by an increase in non-food inflation, which climbed to 21.5% from 20.5% in July, reflecting persistent price pressures in sectors such as housing, utilities, and transportation.
Despite the slight reprieve in overall inflation, the rise in non-food prices underscores the ongoing challenges in curbing inflationary pressures across the broader economy.
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