Inflation Up 10.4 Per Cent
Published On: April 11, 2013
Inflation Up 10.4 Per Cent
The Ghana Statistical Service (GSS) announced on Wednesday 10th April, that inflation has inched up from 10 per cent recorded in February to 10.4 percent in March.

At a press conference in Accra Dr Philomena Nyarko, Acting Government Statistician, said the year-on-year non-food inflation rate was 13.2 per cent, compared to 12.6 per cent the previous month.

Both the food and non-food inflation all shot up from 5.3 and 12.6 percent to 5.5 and 13.2 percent respectively. The monthly change was also up by 1.7 per cent meaning prices of goods and services went up in March.

Also, food and non-alcoholic beverages group recorded an average year-on-year inflation rate of 5.5 per cent, 0.2 percentage points higher than the 5.3 percent in February.

On the other hand, Dr Nyarko said the non-food recorded an inflation rate of 13.2 per cent with transport, clothing and footwear and education and miscellaneous goods and services all rising above the group average.

“The year-on-year food inflation rate was about two and a half times lower than the non food inflation rate,” she said.

Three Greater Accra, Ashanti and Northern regions recorded inflation rates above the national average of 10.4 per cent.

Greater Accra region recorded the highest inflation rate of 12.2 per cent followed by the Ashanti with 11.2 percent. The Western region was next with an inflation rate of 10.5 per cent.

Comments Add Comment

No recent Post

University of Liverpool Management Programmes