Inflation for November drop to 15.5%

Inflation for November drop to 15.5%
Source: Ghana | Myjoyonline.com | Joy Business
Date: 14-12-2016 Time: 02:12:08:pm

The year on year inflation rate for November 2016 stood at 15.5 percent, a reduction of 0.3 percentage point from the 15.8 percent recorded in October 2016.

This rate is the percentage change in the Consumer Price Index over the twelve month period from November 2015 to November 2016.

The monthly change rate for November was 0.8 percent compared to the 1.4 percent recorded in October 2016.

Announcing the rate in Accra, Acting Government Statistician, Dr. Baah Wadieh noted that the Greater Accra region recorded the highest year on year inflation rate of 18.1 percent, followed by the Ashanti region with 15.8 percent while the Volta region recorded the lowest rate of 13.1 percent.

The main price drivers for the non-food inflation were transport 27.8 percent, education 25.7 percent and among others.

For the food inflation, the price drivers were mineral water, soft drinks, fruit and vegetable juice at the rate of 14.1 percent.

Coffee, tea and cocoa 14.0 percent. Fish and sea food13.4 percent etc.

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