Prime News Ghana

Ghana's inflation rate drops to 45% in March 2023

By primenewsghana
Shares
facebook sharing button Share
twitter sharing button Tweet
email sharing button Email
sharethis sharing button Share

The rate of inflation for March 2023 declined to 45.0%, the Ghana Statistical Service (GSS) has announced.

The rate of inflation for February 2023 was 52.8%.

READ ALSO: Ghana's Inflation falls for second consecutive month in 2023

This is a 7.8 percentage points drop relative to the rate that was recorded in February 2023.

This is the third consecutive decline in the national inflation rate after a marginal drop in February’s rate.

Per the data, food inflation also stood at 50.8% and Non- food inflation at 40.6%.

Government Statistician, Professor Samuel Kobina Annim, said from the regional level, the Western North recorded the highest inflation with 67.3 percent.

The Volta region recorded the least inflation at 25.6 percent.