inflation_rate_for_ghana_drops
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Inflation rate for April 2019 inched up to 9.5 percent, up by 0.2 percentage point from the 9.3 percent recorded in March 2019.

According to the Deputy Government Statistician, David Kombat
the increase in rate for the non-food sub-sector contributed to the increase in inflation.

Presenting the figures to the press in Accra, Deputy Government Statistician, David Kombat said the inflation rate was driven mainly by the prices of clothing and footwear for non-food items and coffee, tea and cocoa for food items.

He explained that “Five subgroups recorded year on year inflation rates higher than the group’s average of 10.4 per cent. Clothing and footwear recorded the highest inflation rate of 14.3 per cent followed by recreation and culture 14.1 per cent, transport with 13.2 per cent. However, inflation in the health sector recorded the lowest rate of 5.9 per cent”.

At the regional level, the year on year rate ranged from 8 per cent for the Upper East region to11.5 per cent for Upper West Region.

The monthly rate for the overall inflation was 1.1 per cent compared with the 1.2 per cent recorded for March 2019.

The food group had 7.3 per cent, a reduction of 1.1 per cent from the March figure.

The consumer inflation is the change over time in the price of general goods and services that households acquire for consumption.