{"id":201272,"date":"2025-06-21T01:08:12","date_gmt":"2025-06-21T01:08:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/201272\/"},"modified":"2025-06-21T01:08:12","modified_gmt":"2025-06-21T01:08:12","slug":"prices-surging-despite-decline-in-inflation","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/201272\/","title":{"rendered":"Prices surging despite decline in inflation"},"content":{"rendered":"<p class=\"article-image\"><a href=\"https:\/\/www.ghanaweb.com\/GhanaHomePage\/business\/Prices-surging-despite-decline-in-inflation-Patrick-Assuming-1988633?gallery=1\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/86641042.295.jpg\" alt=\"Professor Patrick Asuming is an economist\" title=\"Professor Patrick Asuming is an economist\" width=\"295\" height=\"176\" \/> <\/a>Professor Patrick Asuming is an economist<\/p>\n<p id=\"article-123\">Professor Patrick Asuming, an economist, has cautioned Ghanaians against misinterpreting the country&#8217;s declining inflation trend as a sign of decreasing prices.<\/p>\n<p>Speaking on JoyNews&#8217; PM EXPRESS on June 19, 2025, he said that despite the consistent decline in inflation, prices continue to rise, albeit at a slower pace.<\/p>\n<p>He emphasises that the reduction in the inflation rate merely signifies a decrease in the rate of price increase, not an actual drop in prices.<\/p>\n<p>&#8220;There is a rate of price increase that has reduced, but that doesn\u2019t mean prices are coming down,&#8221; he stated.<\/p>\n<p>He warns that this distinction is crucial, as the cost of living remains impacted by the persistent rise in prices, and Ghanaians should therefore not be lulled into a false sense of security by the improving inflation data.<\/p>\n<p>Professor Asuming&#8217;s warning coincides with a drop in the Producer Price Index (PPI) from 18% to 10%. <\/p>\n<p>However, he emphasises that this decline merely indicates a slowdown in the rate of price increases, not a reversal.<\/p>\n<p>According to him, prices continue to rise due to factors such as increasing utility tariffs and high domestic production costs, which are independent of the inflation\u00a0trend.<\/p>\n<p>DR\/MA<\/p>\n<p><b>Ever heard of Nkofie, the legendary Kwahu cave believed to grant wishes? Join GhanaWeb&#8217;s People &amp; Places as we take you on an exclusive tour of this mystical site:<\/b><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Professor Patrick Asuming is an economist Professor Patrick Asuming, an economist, has cautioned Ghanaians against misinterpreting the country&#8217;s&hellip;\n","protected":false},"author":2,"featured_media":201273,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-201272","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114718684257177366","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/201272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=201272"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/201272\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/201273"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=201272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=201272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=201272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}