Inflation rate for April drops to 25%

The Government Statistician Professor Samuel Annim has announced that the inflation rate for the month of April went down to 25 percent.

Addressing a press conference in Accra on Wednesday, May 8 he said food inflation contributed to the overall drop in the rate of inflation as it recorded a rate of 26.8 percent, the lowest since 13 months, with non-food inflation of 23.5 percent.

“In the month of April 2024, the consumer price index stood at 213.

5 that was recorded for the same time period in April 2023.

Given these two indices, year-on-year inflation to the month of April 2024 stood at 25.0 per cent.

“The year-on-year rate of inflation for the month of April 2024 stood at 25.

This literally means that goods and services, thus, prices of goods and services between April 2023 and April 2024 went up by 25.

0 per cent.

“This rate that we recorded for the month of April 2023 at 0.

8 percentage point slowdown relative to the rate that was recorded in March 2024.

In March 2024, we recorded an increase of 2.6 percentage points from the April 2024 rate of 23.