
Audio By Carbonatix
Inflation for the month of July has recorded another marginal decline for this year.It stood at 8.3 percent down from the June figure of 8.5 percent. This is the lowest since June 1992 figure of 8.3 percent.The service attributes the decline to a marginal drop in the price levels of foodstuffs.Head of Economic Statistics Ebo Duncan explained to Joy Business what is accounting for the decline.“The food inflation has been very low and now it is around 3.25.” he said, adding the non food has been relatively stable.He attributed the stability of the non-food products to stability of the cedi, import prices, etc.Mr. Duncan added that looking at the inflation trend government might achieve it end of year target of 9.5 percent.
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
-
Dr Mensah Market flooded after downpour in Kumasi
2 minutes -
Armed men reportedly storm Adjen Kotoku Onion Market amid tensions
1 hour -
Tecco Mensah writes: Why football fans must look beyond statistics
2 hours -
Police recover stolen Honda CR-V in Kumasi within 48 hours
2 hours -
Apetorku Gbodzi 2026 Festival opens in Dagbamete with development focus
3 hours -
President Mahama arrives in Lyon to co-chair One Health Summit
3 hours -
Beverly View Plus Hotel draws crowds amid coastal Easter rush in Volta
3 hours -
Maiden Zongo Festival held in Wa amid calls to tackle drug abuse among the youth
3 hours -
FDA warns of fake HIV test kits on Ghanaian market
4 hours -
Africa urged to build resilient health systems as donor support tightens
4 hours -
Easter gesture: Ablakwa settles medical bills for 85 North Tongu constituents
5 hours -
Africa must harness its population strength—Titus-Glover
5 hours -
Visa-free access doesn’t mean unlimited stay – Lom Ahlijah
5 hours -
From Golgotha to Kwahu: The Easter Migration of the Faithful and the Faithless
7 hours -
How the Ghanaian onion traders’ standoff with Nigeria unfolded and threatened local supply
7 hours