The Consumer Price Index (CPI) for July 2024 presents a varied landscape of inflation across Ghana’s regions, marking notable changes from the preceding month of June. The direction of inflation has changed in some of the regions over the period.
In July 2024, the Upper West region topped the list with the highest food inflation rate at 41.7%, a sharp rise from its third-place position in June where it recorded 31.5%. Bono East, which led in June with 39.2%, dropped to second place in July with a significantly lower rate of 29.0%. Eastern region, maintaining its third place, also saw a decrease in food inflation from 31.8% in June to 27.5% in July.
Noteworthy is the performance of the Northern region, which experienced a substantial drop in food inflation from 17.9% in June to 14.5% in July, sliding from 13th to 14th place. Meanwhile, the North East region maintained its position at the bottom of the table, with a food inflation rate of 9.5% in July, down from 20.0% in June.
The non-food inflation trends also show significant regional shifts between June and July 2024. Upper East continued to dominate with the highest non-food inflation, though the rate fell from 39.9% in June to 28.7% in July. The Northern region followed with an increase from 26.7% to 25.6%, securing its second-place standing for both months.
Western region maintained its third position in non-food inflation, though it saw a slight decline from 26.0% in June to 24.7% in July. Bono region, which experienced a drop from 24.1% to 23.8%, held steady in fourth place.
A significant observation is the decline in the Oti region’s non-food inflation, dropping from 9.7% in June to 12.5% in July, marking a shift from the lowest inflation to a mid-table position.
The inflation rates for July 2024 indicate a general decrease in food inflation across most regions compared to June. However, Upper West’s surge in food inflation and the relative stability in non-food inflation rates suggest that certain regions are experiencing unique inflationary pressures.
