Audio By Carbonatix
Inflation for the month of March records marginal increase.
It stood at 8.8 percent up from February’s figure of 8.6 percent.
This means though prices of goods and services generally went up in March the rate of increase or change was a little lower compared to the previous month.
Head of Economist Statistics Ebo Duncan explained to Joy Business what accounted for the decline.
“If you take some of these things, you will see that if you have exchange rate problems, it can lead to price hikes,” he said.
He said the decline in the value of the cedi can partially be blamed for the increase in inflation but said other factors also come into play.
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