• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Ghana’s Inflation rate for June drops to 9.1%

11/07/2019
Reading Time: 2 mins read
inflation_rate_for_june_drops
405
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

Ghana recorded inflation for June 2019 at 9.1 per cent as compared to 9.4 per cent in May 2019 with the Upper West, Brong Ahafo, Western and Ashanti regions recording highest levels of inflation. 

Deputy Government statistician, Araba Forson, has been detailing the main price drivers of food and non-fool inflation at a press briefing Wednesday.

According to her, the “main price drivers for the non-food inflation rate were clothing and footwear (15.2 per cent), recreation and culture (15 per cent), furnishing, household equipment and routine maintenance (14.6 per cent) and miscellaneous goods and service (11.3 per cent)

In the regional breakdown, Upper West recorded the highest general inflation of 11.1 per cent followed by the Brong Ahafo Region (10.6 per cent) while the Upper East region recorded the lowest year-on-year inflation rate of 8.3 per cent.

Within the non-food group, the transport sector was the highest and the only sector to record a fall in the inflation rate by 5.6 percentage points in June 2019. 

This was due to base-drift effect caused by the 10 per cent upward adjustment in the price of transport fares in June 2018 which in-turn caused the Transport sector inflation rate to rise by 5.1 per cent at that time as opposed to this year.

Factors contributing to the fall in the rate of inflation

Several factors contributors to the fall in the rate of inflation in June 2019. 

According to the Ghana Statistical Service (GSS), the major ones include favourable weather patterns and conditions, government policy on planting for food and jobs, exchange rate stability beginning of the harvest season and others.



Previous Post

South Africa has granted Ghana visa-free status- Minister explains

Next Post

COCOBOD holds seminar for their Chartered Accountants

Related Posts

Inflation rate august

Ghana’s Inflation rate for March 2020 remains unchanged, still at 7.8%

16/04/2020
economy

Ghana’s Producer Price Inflation drops to 11.8 per cent in February

19/03/2020
inflation rate February

Ghana’s Inflation rate remains unchanged at 7.8 percent for February 2020

12/03/2020
local alcoholic beverage, inflation, ghanatalksbusiness.com

Alcoholic beverages, tobacco and narcotics; has highest inflation for November 2019

22/12/2019
produce_price_index

Producer Price Index dropped to 9.7% in September

18/10/2019
inflation rate drops in November

Ghana’s inflation rate for September falls to 7.6%

17/10/2019
Next Post
cocobod_seminar

COCOBOD holds seminar for their Chartered Accountants

airtel_africa

Airtel Africa drops 10% in early trade after Lagos listing

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2023 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2023 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In