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Inflation in March increased to 25.8%

By Janet Dumas

March inflation has increased to 25.8 percent, a rise from the 23.2 percent observed in February 2024, indicating a 2.6 percentage point surge.

The inflation rate in food also rose, moving from 27.0 percent in February to 29.6 percent in March.

Meanwhile, non-food inflation for March was reported at 22.6 percent.

Government Statistician Professor Samuel Kobina Annim exposed this information on Wednesday, April 10, 2024.

“In March 2024, the inflation rate stood at 25.8%, year-on-year inflation relative to 23.2 % recorded for February 2024. This indicates that we have seen a surge in the inflation rate by 2.6%, increasing from 23.2% to 25.8% for March 2024,” he noted.

Breaking down this from 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 added.

In the meantime, 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.

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