Audio By Carbonatix
The Government Statistician, Professor Samuel Kobina Annim has disclosed that the Year-on-year inflation, stood at 7.8 percent in June compared to 7.5 percent in May, pushed slightly, by transport and food items.
Speaking at a press briefing to announce the rate, Wednesday, Prof Annim said food and transport were the dominant drivers for the higher rate of inflation in June 2021.
Food contributed 41.8 percent to overall inflation, while transport's contribution, increased from 16.5 percent last month to 18.1 percent.
“Inflation for June 2021 indicates that the six-month continuous decline in food inflation has been reversed by 1.9 percentage points,” he said.
The Month-on-Month inflation was 1.3 percent while the Month-on-month food inflation exceeds non-food inflation by 1.0 percentage points.
Year-on-year variation between food was 7.3 percent and non-food inflation, which is 8.2 percent was 0.9 percent.
“A reversal in the declining trend of food inflation has been observed for the first time in six months as it increases by 1.9 percentage points between May and June 2021.
"This has contributed in closing the gap between food and non-food inflation,” Prof Annim said.
Inflation for locally produced items has regained its dominance over inflation for imported items, surpassing inflation for imported items by 0.9 percentage points.
Inflation for locally produced items was 7.9 percent compared to that of imported items at 7.0 percent.
The Northern Region continues to record higher Year-on-Year food inflation at 16.2 percent, closely followed by Upper West Region-14.8 percent, followed distantly, by is Greater Accra Region at 9.9 percent.
The Western Region recorded a deflation in food inflation by 1.1 percent.
Overall, Greater Accra Region recorded the highest rates of inflation for both non-food 14.4 percent and overall inflation at 12.5 percent.
Latest Stories
-
NPP’s new executives will not alter our 2028 preparations – Tanko-Computer
28 minutes -
Tema East MP urges men to take active role in breast cancer awareness
33 minutes -
Hawa Koomson vows to bring experience and maturity to NPP women’s wing
37 minutes -
Opare Addo cautions NDC against adopting NPP’s aggressive politics
39 minutes -
NPP has 35 months to prepare for 2028 after early reorganisation – Political strategist
44 minutes -
All six passengers presumed dead after plane went missing off US coast
55 minutes -
Teachers’ promotion arrears to be paid by Oct. 30 – Education MinisterÂ
1 hour -
Stop talking too much on stage – Kafui Dey warns MCs
1 hour -
Government has Ho, Volta Region at Heart — Warlord of Asogli
1 hour -
Mahama reaffirms commitment to Volta development at Asogli Te Za
1 hour -
REGSEC orders immediate demolition of fire-ravaged building at Koforidua Jackson Park
1 hour -
Ambassador Boateng congratulates new NPP leadership, urges reconciliation, rebuilding
2 hours -
50 vetted to contest Effutu NDC executive positions
2 hours -
GACL enhances security screening at Accra International Airport
2 hours -
COCOBOD raises GH¢3.39bn at 11% in first Commercial Paper tranche
2 hours