In March 2024, inflation surged to 25.8%, up from February's 23.2%, representing a 2.6% increase.

This indicates a 25.8% increase in the general price level compared to March 2023. Non-food inflation rose by 22.6%, while food inflation reached 29.6%.

Locally produced items saw a 26.6% increase, while imported items rose by 23.8%. The main drivers of this inflation hike were food and non-alcoholic beverages, as well as transport.

Government spokesperson Prof. Samuel Kobina Annim stated in a press briefing that this increase represents a 2.6 percentage point surge.