The national year-on-year inflation rate was 11.2% in June 2020, which is 0.1 percentage points lower than last month.
The month-on-month inflation between
May 2020 and June 2020 was 1% which is lower than the 1.7% recorded between April and May and 3.2% between March and April 2020, but higher than the average month-on-month inflation recorded in the months October 2019 to
March 2020 (0.7%).
Only two of the thirteen Divisions had higher than average inflation rates; Housing, Water, Electricity and Gas and Food and Non-Alcoholic Beverage
At the regional level, the overall year-on-year inflation ranged from 4.3% in the Upper West Region and Volta Region to 15.0% in Greater Accra.
In all, but Greater Accra, Northern Region, and Upper East Food inflation was higher than Non-Food Inflation (See Figure 3). Especially in Western Region (21.3% Food inflation compared to 7.4% NonFood inflation) and Ashanti (20.6%Food inflation and 5.4% Non-Food inflation), we see large differences between the
Food and Non-Food inflation.
The overall month-on-month inflation was between 2.2% in the Upper West Region and 2.5% in Greater Accra. Ashanti Region, which saw the highest month-on-month inflation between April and May 2020 (3.9%), had a negative (-0.6%) month-on-month inflation between May and
Overall, Regions with high month-on-month
inflation between April and May 2020, saw lower month-on-month inflation this month, and vice versa.
By: Naa Anyema Collison