Audio By Carbonatix
Inflation rate recorded by the Ghana Statistical services indicates a reduction from the previous figure to 7.6 per cent.
The rate is influenced by some marginal reduction in prices of non-food items during the period between September 2018 and 2019.
Government Statistician Professor Samuel Kobina Annim announcing the figure in Accra said the rate between food and non-food inflation is significant.
“The Food and non-alcoholic beverages group recorded a year-on-year inflation rate of 8.5 per cent.
This is a 0.3 percentage point higher than the rate recorded in August 2019. Six subgroups recorded inflation rates higher than the group’s average rate of 8.5 per cent.”
The Consumer Price Index (CPI) measures the change over time in the general price level of goods and services that households acquire for consumption, with reference to the price level in 2018, the base year, which has an index of 100.
Food and Non-food inflation
The Food and non-alcoholic beverages group recorded a year-on-year inflation rate of 8.5 per cent. This is a 0.3 percentage point higher than the rate recorded in August 2019. Six subgroups recorded inflation rates higher than the group’s average rate of 8.5 per cent.
The non-food group recorded a year-on-year inflation rate of 7.0 per cent in September 2019. The Non-Food inflation for September 2019 is 0.4 percentage point lower than the 7.4 per cent recorded for August 2019. Tobacco and Narcotics (12.2%), Housing, water, electricity, gas and other fuels (10.0%), Transport (8.7%) and Recreation, sport and culture (7.5%) were the key drivers of the non-food inflation in September.
Regional differentials
At the regional level, the year-on-year inflation rate ranged from 3.8 per cent for the Eastern region to 11.8 per cent for the Greater Accra region.
Four regions (Greater Accra, Central, Upper West and Volta) recorded inflation rates above the national average (7.6%). Eastern region recorded the least inflation rate of 3.8 per cent.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
World Vision targets 90 percent universal WASH access in Asunafo North, Asutifi North
2 seconds -
I told EOCO to arrest Manhyia South MP – Mustapha Gbande
20 minutes -
2028 election will be a combination of strategy and ‘buga’ – Miracles Aboagye
21 minutes -
Bombs preventing rescue of kidnapped youths, Nigerian police say
30 minutes -
Flydubai co-pilot planned to crash plane into Tel Aviv airport or building, reports say
31 minutes -
National security must be built beyond Accra – Muntaka
31 minutes -
Ghana bans preaching on buses with jail terms for offenders
31 minutes -
Twelve arrested for allegedly running cat trafficking ring in Vietnam
45 minutes -
Kojo Bamba could be a chairman in the NDC any day without competition – Miracles Aboagye
47 minutes -
Photos: Vice President Jane Naana Opoku-Agyemang at the Ghana Teacher Prize 2026
52 minutes -
GoldBod Jewellery opens new showroom in Takoradi to promote gold value addition
1 hour -
National Cathedral site handed back to government pending AG’s review – Mahama Ayariga
1 hour -
Gov’t outlines measures to expand access to affordable housing as Ghana marks World Habitat Day
1 hour -
Ghana AI Summit 2027 set for Accra in March
1 hour -
GoldBod to sell spot dollars to banks twice a week under new FX framework
1 hour