• Home
  • General
  • Entertainment
  • Politics
  • Business
  • Sports
  • Editorial
  • Health
  • World
  • Feature
The Herald Ghana
Advertisement
  • Home
  • General
  • Entertainment
  • Politics
  • Business
  • Sports
  • Editorial
  • Health
  • World
  • Feature
No Result
View All Result
  • Home
  • General
  • Entertainment
  • Politics
  • Business
  • Sports
  • Editorial
  • Health
  • World
  • Feature
No Result
View All Result
The Herald Ghana
No Result
View All Result
Home Business

Inflation rate for April 2022 hits 23.6%

May 13, 2022
Reading Time: 2 mins read
Academic city commits to diversity and inclusivity

The national year-on-year inflation rate was 23.6% in April 2022, which is 4.2 percentage points higher than the 19.4% recorded in March 2022.

The month-on-month inflation between March 2022 and April 2022 was 5.1%.

Four divisions (Transport, Household Equipment and Routine Maintenance, Food and Non-Alcoholic Beverages, and Housing, Water, Electricity, Gas and Other Fuels) recorded inflation rates above the national average of 23.6% with Transport (33.5% ) recording the highest inflation for the inflation rates of all divisions).

Regional inflation

At the regional level, the overall year-on-year inflation ranged from 18.4% in the Upper East Region to 26.7% in the Central Region.

RelatedPosts

No Content Available

Central Region again recorded the highest month-on-month inflation (8.8%).

All regions recorded positive month-on-month inflation rate in April 2022 (above 2.0%).

Food and non-food inflation

This month’s food inflation (26.6%) is higher than both last month food inflation (22.4%) and the average of the previous 12 months (13.5%).

Food inflation’s contribution to total inflation, however, decreased from 51.4% in March 2022 to 50.0% in April 2022.

Overall month-on-month food inflation was 5.8%, which is higher than both the twelve month national month-on-month rolling average of food inflation (2.0%) and the rate recorded for April 2021 (2.3%).

All the 15 food subclasses recorded positive month-on-month inflation with Fruit and Vegetable Juices recording the highest (15.3%).

Non-food year-on-year inflation on average went up again in April 2022 compared to March 2022 (from 17.0% to 21.3%).

Only one out of the 12 non-food divisions had the 12 months rolling average to be higher than the year-on-year inflation for April 2022 for the divisions.

Transport is the division that recorded the highest inflation in April 2022 (33.5%).

Imported and local inflation

The inflation for imported goods was 24.7% (which is higher than the 17.3% recorded for March 2022) while the inflation for locally produced items was 23.0% (up from the 20.0% recorded in March 2022).

This is the first time in 29 months that inflation for imported items exceeded domestic inflation.

Previous Post

Academic city commits to diversity and inclusivity

Next Post

I care less whatever anyone says about me – Kuami Eugene

RelatedPosts

No Content Available
Next Post
I care less whatever anyone says about me – Kuami Eugene

I care less whatever anyone says about me - Kuami Eugene

Thank y’all for the support, I appreciate – Black Sherif

Thank y’all for the support, I appreciate – Black Sherif

VGMA is bigger than what we see on TV – Joe Mettle

VGMA is bigger than what we see on TV – Joe Mettle

Leave Comment

Recent Posts

  • Bagbin gives Kyei-Mensah-Bonsu last warning…fumes “enough is enough”
  • High price volatility makes crypto assets such bitcoin unattractive as a mean of payment – BoG
  • €54m Dredging Machines To Help End Annual Flooding In Accra-Akufo-Addo
  • NPP begins regional executive elections today
  • Come and account for Covid-19 expenditure – Bagbin directs Ofori-Atta

Recent Comments

No comments to show.

Recent News

Bagbin gives Kyei-Mensah-Bonsu last warning…fumes “enough is enough”

Bagbin gives Kyei-Mensah-Bonsu last warning…fumes “enough is enough”

May 27, 2022
High price volatility makes crypto assets such bitcoin unattractive as a mean of payment – BoG

High price volatility makes crypto assets such bitcoin unattractive as a mean of payment – BoG

May 27, 2022
  • Email: theheraldghana@gmail.com
  • Call / WhatsApp: 0554440944

Copyright © 2021 The Herald. All Rights Reserved

No Result
View All Result
  • Home
  • General
  • Entertainment
  • Politics
  • Business
  • Sports
  • Editorial
  • Health
  • World
  • Feature

Copyright © 2021 The Herald. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist