GSS Projects Inflation Easing After Months of Rising Prices in Ghana
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The Ghana Statistical Service (GSS) is projecting a moderation in inflation in the coming months, driven largely by easing global crude oil prices.
According to the Service, the recent surge in international oil prices contributed significantly to the rise in inflation to 5.3% in June, up from 3.7% in May, marking the third consecutive monthly increase.
Government Statistician Dr. Alhassan Iddrisu noted that with crude oil prices now cooling, inflationary pressures are expected to ease, suggesting a possible improvement in price stability in the near future.
Economists say the outlook could bring some relief to consumers if the trend continues.
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