There has been a surge in Inflation from 23.2 in February to 25.8 in March.

This indicates a 2.6 percentage point surge.

This information was revealed by the Government Statistician Professor Samuel Kobina Annim on Wednesday, April 10.

It further revealed that the food inflation rate also shot up, moving from 27.0 per cent in February to 29.6 percent in March.

Meanwhile, non-food inflation for March was reported at 22.6 percent.

According to the Government Statistician, “In the month of March 2024, rate of inflation stood at 25.8 percent year-on-year inflation relative to 23.2 percent recorded for the month of February 2024. This indicates that we have seen a surge in the rate of inflation by 2.6 percent increasing from 23.2 percent to 25.8 percent for the month of March 2024.”

“Disaggregating this for the food and non-food perspective, the rate of inflation for food was 29.6 percent relative to non-food 22.6 percent. Both food and non-food inflation have seen a 2.6 percent increase in its rate of inflation between February and March 2024,” he added.

Meanwhile, there was a decline in inflation in February with the figure standing at 23.2 percent.

This represented a 0.3 percentage point decrease from the 23.5 percent recorded in January.

“Disaggregating this for the food and non-food perspective, the rate of inflation for food was 29.6 percent relative to non-food 22.6 percent. Both food and non-food inflation have seen a 2.6 percent increase in its rate of inflation between February and March 2024,” he stated.

By Edem Mensah-Tsotorme