Higher cost of certain foodstuffs and housing pushed the rate of inflation for the month of August to 9.7%, data from the Ghana Statistical Service indicates.
However, it still remained in the single digit bracket despite the consistent upward trend in the prices of some foodstuffs and housing.
The month-on-month inflation between July 2021 and August 2021 stood at 0.3%.
Whiles, food inflation was 10.9% in August 2021, as against 9.5% last month that of non-food inflation stood at 8.7%, compared to 8.6% in July 2021.
Housing, Water, Electricity, Gas (15.2%) and Transport (12.8) registered inflation rates above the national average.
Cocoa drinks (15.7%), Cereals and cereal products (15.5%), Milk, other dairy products and eggs (13.1%), Vegetables, tubers, plantains, cooking bananas (11.6%), Tea, maté and other plant products for infusion (11.5%) and Ready-made food and other food products n.e.c. (11.2%) registered inflation rates higher than the food inflation rate.
For imported inflation, the rate of inflation was 10.3%, whereas inflation rate of local goods was estimated at 8.1%.
Regional inflation
Meantime, Northern region (14.6) maintained its position as the region with the highest rate of inflation. It is followed by the Greater Accra region (12.8%0
Eastern region (3%) however remains the region with the lowest rate of inflation
Latest Stories
-
Yaw Nsarkoh: Bit by bit we will understand China
2 hours -
Looted and returned: Asante royal artefacts on display for public viewing at Manhyia Museum
2 hours -
Suspected killer in Kasoa land dispute shooting not a National Security operative
2 hours -
Ghana appoint four Para Athletics coaches in Preparation for Paris 2024
3 hours -
Kumasi Cheshire Home decries inadequate equipment; seeks public support
3 hours -
UCL: Niclas Fullkrug hands Dortmund first leg advange over PSG
4 hours -
GPL: Accra Lions beat Hearts of Oak to go third
5 hours -
Seek higher grounds as rains intensify – GMet warns
5 hours -
May Day: Sam Ankrah promises to prioritise welfare and well-being of workers if elected president
5 hours -
Bawumia plans door-to-door campaign for 2024 polls
6 hours -
GAF condemns ‘unprovoked’ fatal shooting of soldier in Kasoa land dispute
6 hours -
OSP’s request for money laundering probe against Cecilia Dapaah baseless – AG advises EOCO
6 hours -
Obofour Raphael releases ‘Asem Yi Di Ka’ EP
6 hours -
‘Operation Clean Your Surroundings’: Popular Kenkey joint and public toilets in Takoradi shut down
7 hours -
GFA boss Kurt Okraku graces Dreams FC’s dinner to celebrate CAF Confederation Cup exploits
7 hours