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Business News of Wednesday, 9 August 2023

Source: www.ghanaweb.com

Tea and related products record highest food inflation of 150% in July - GSS

Tea and related products Tea and related products

In July 2023, food inflation was still the leading driver of inflation with a rate of 55%.

The national inflation increased to 43.1% from 42.3% in July this year. Among food items with the highest inflation rates, tea and related products took the lead to inch 150% from 120% in July.

Cocoa drinks recorded an inflation of 86.5% with fruit and vegetable juices recording a rate of 66.7%.

Also, coffee and coffee substitutes recorded a rate of 58.2%. Oils and fats recorded 59.5% followed by milk, other dairy products, and eggs recorded a rate of 58.3%.

The price of water however increased by 52.8%.

Meanwhile, sugar, confectionery, and desserts recorded a rate of 62.7% while cereals and cereal products also saw an increase in their rate of 64.2%.




SSD/MA