Inflation for March 2024 surged to 25.8%, marking a notable increase from February’s 23.2%, indicating a 2.6 percentage point rise. This data, disclosed by Government Statistician Professor Samuel Kobina Annim on Wednesday, April 10th, highlights a significant uptick in economic indicators.
“In the month of March 2024, rate of inflation stood at 25.8%, year-on-year inflation relative to 23.2 % recorded for the month of February 2024. This indicates that we have a seen a surge in the rate of inflation by 2.6%, increasing from 23.2% to 25.8% for the month of March 2024.”
“Disaggregating this for the food and non-food perspective, the rate of inflation for food was 29.6% relative to non-food 22.6%. Both food and non-food inflation have seen a 2.6% increase in its rate of inflation between February and March 2024,” he stated.
Meanwhile, there was a decline in inflation in February with the figure standing at 23.2%.
This represented a 0.3 percentage point decrease from the 23.5 percent recorded in January.
