Monday, December 23, 2024
Google search engine
HomeBusinessUpper West and Upper East Regions Lead Ghana in August 2024 Inflation...

Upper West and Upper East Regions Lead Ghana in August 2024 Inflation Rates

The Upper West and Upper East regions of Ghana recorded the highest food and non-food inflation rates for August 2024, with food inflation reaching 41.5 percent and non-food inflation at 31.9 percent. This data is sourced from the Ghana Statistical Service’s Consumer Price Index and Inflation report for August 2024, highlighting significant inflationary trends across the country.

 

Following the Upper West and Upper East regions, the Savannah and Bono East regions registered the next highest food inflation rates at 31.9 percent and 30.0 percent, respectively. In the non-food inflation category, the Northern and Ashanti regions reported rates of 25.0 percent and 23.8 percent, securing the second and third positions.

 

In the food inflation category, the Eastern region came in fourth with a rate of 24.5 percent, followed by the Upper East at 22.6 percent, Ahafo at 21.8 percent, and Greater Accra at 20.9 percent, placing them in the fourth to seventh positions. The non-food inflation rates in these regions were similarly notable, with the Western region ranking fourth at 23.2 percent, followed by Western North at 22.3 percent, Greater Accra at 21.9 percent, and Bono at 21.5 percent, filling the fourth to seventh slots.

 

Meanwhile, the Central, Oti, Northern, Bono, and Ashanti regions showed food inflation rates of 20.9 percent, 16.3 percent, 15.7 percent, 15.5 percent, and 15.2 percent, respectively. This positioned them in the eighth through twelfth positions for food inflation. In non-food inflation, the Central region recorded a rate of 21.1 percent, followed by Savannah at 20.3 percent, Volta at 18.9 percent, Eastern at 16.8 percent, and Bono East at 15.6 percent, placing them in the eighth through twelfth slots.

 

Further analysis showed that in the food inflation category, the Western North, Volta, Western, and North East regions registered rates of 15.1 percent, 13.1 percent, 11.4 percent, and 4.9 percent, respectively. These figures placed them in the thirteenth through sixteenth positions. Similarly, for non-food inflation, the Ahafo region recorded a rate of 15.3 percent, followed by North East at 14.1 percent, Oti at 13.7 percent, and Upper West at 13.1 percent, also ranking them in the thirteenth through sixteenth positions.

 

These inflationary trends reflect the broader economic challenges facing the country, with rising costs impacting both food and non-food items across various regions. The data underscores the need for targeted economic policies to address the inflationary pressures affecting the livelihoods of Ghanaians, particularly in regions with the highest inflation rates.

Africa Live News
Africa Live Newshttps://africalivenews.com/
Your trusted source for real-time news and updates from across the African continent. We bring you the latest stories, trends, and insights from politics, business, entertainment, and more. Stay informed, stay ahead with Africa Live News
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments