The Ghana Statistical Service has projected the monthly inflation for August 2021, as 9.7%.
This indicates a marginal increase of 0.3%increase in goods and services annually.
Addressing the media on Wednesday, September 8, 2021, Government Statistician, Professor Samuel Kobina Anim revealed that, prices of locally made items, continued to lead imported items. he added that imported items have depicted a marginally higher increase.
“Year on year inflation for August 2021, stood at 9.7.which literally meant that, between August 2020 and August 2021, prices of goods and services, went up by 9.7 and also points to a fault consecutive increase in the rate of inflation, between May 2021 and August 2021. Month on month inflation, for the month of August 2021, stood at 0.3% indicating that prices of goods and services between the month of July 2021 and August 2021 have gone up by 0.3%.
Again, this is indicating a sharp deep relative to what was recorded in the month of July 2021, which stood at 16.1.6%. Locally produced items, continue to dominate imported items. But for the first time in three months, we have seen that the increase in imported items, was marginally higher than locally produced items,” he said.
August marked the fourth month in a row that inflation has risen in Ghana, with food being the largest contributor to the country’s overall inflation rate, rising for a third straight month.
Housing inflation surged past transportation to become the second-largest contributor to Ghana’s inflation rate.
Transportation inflation, now the third-largest contributor, also rose last month.