Inflation rate for April 2019 inched up to 9.5 per cent up by 0.2 percentage point from the 9.3 per cent recorded in March 2019.
The increased in the rate for the non-food sub-sector contributed to the increase according to the Deputy Government Statistician, David Kombat.
The non-food group recorded a year on year inflation rate of 10.4 per cent in April compared to 9.7 recorded in March of the same year.
He explained that "Five subgroups recorded year on year inflation rates higher than the group's average of 10.4 per cent. Clothing and footwear recorded the highest inflation rate of 14.3 per cent followed by recreation and culture 14.1 per cent, transport with 13.2 per cent. However, inflation in the health sector recorded the lowest rate of 5.9 per cent".
At the regional level, the year on year rate ranged from 8 per cent for the Upper East region to11.5 per cent for Upper West Region.
The monthly rate for the overall inflation was 1.1 per cent compared with the 1.2 per cent recorded for March 2019.
The food group had 7.3 per cent, a reduction of 1.1 per cent from the March figure.
The consumer inflation is change over time in the price of general goods and services that households acquire for consumption.
Have your say
More Business Headlines
- IFS blames high policy rate on gov't borrowing
- Santol Energy meets ISO international standards
- SC Keyboard: StanChart launches first social banking solution
- MTN ends 2019 21 Days of Y’ello Care programme
- Rawlings backs Frimpong Boateng's call for use of organic-based fertilisers
- Gov't injects fresh capital into banks as bond-sale plan flops
- AirtelTigo launches special offer for Hajj pilgrims
- FBNBank appoints Victor Yaw Asante as new MD in Ghana
- Gov’t urged to implement fiscal electronic devices to meet revenue targets
- Lufthansa resumes flights to Cairo, British Airways stays grounded
- Work begins on KIA Terminal 3 to fix flooding
- Mid-Year Review to focus on revenue generation
- GCNet bags third consecutive Trade Facilitation Org. of the Year Award
- Samsung Ghana unveils new large capacity 2-door fridge, QLED PR TV
- Ghana finds no cocoa buyers in first offer since $400 premium