Ghana's consumer inflation (GHCPIY=ECI) rose for the third month in a row in June, to 5.3% year-on-year from 3.7% in May, the statistics service said on Wednesday.

  • Government statistician Alhassan Iddrisu said the increase was mostly driven by non-food prices for transport, housing, and education services.

  • Inflation remains far below the 13.7% recorded for the same month last year, Iddrisu said. However, he added that price pressures had started to mount again.

  • The gold-, oil- and cocoa-producing nation has been emerging from its most severe economic crisis in decades.

  • "The recent increase deserves close attention to safeguard the gains achieved," he told reporters.

  • The statistics service also said locally-produced items contributed more than 86% to the inflation increase.

  • Ghana's central bank has an interest rate decision scheduled for later this month.

  • It paused an easing cycle in May due to concerns over inflation.