The year-on-year inflation was unchanged at 7.8 percent in March, the Ghana Statistical Service said on Wednesday.
Announcing the rate via Facebook, Government Statistician, Professor Samuel Kobina Annim said March’s rate continued the trend of stable inflation of about 8 percent recorded over the past seven months.
Food and non-alcoholic beverages division recorded a year-on-year inflation rate of 8.4 percent, the highest food inflation since the rebasing in August 2019.
The national non-food year-on-year inflation for March 2020 was 7.4 percent, lower than the 7.7 percent recorded in February 2020.
Between February 2020 and March 2020 the price level of food and non-alcoholic beverages increased by 1.5 percent, predominantly driven by an increase in price levels of vegetables and fruits and nuts.
The Regional inflation was between 9.2 percent in the Volta Region and 3.7 percent in the Upper West Region.
Inflation of imported goods was 5.6 percent, while that of local goods was 8.8 percent on average.
The differential inflation rate between locally produced items (8.8%) and imported items (5.6%) was 3.2 percentage points
“For the last five months inflation for locally produced goods has been growing faster than inflation for imported goods,” Professor Annim said.
Food and non-alcoholic beverages remains the main drivers of inflation and went up to 47.2 percent while the contribution of Transport went down to 12.2 percent.
At the regional level, the year-on-year inflation ranged from 9.2 percent in the Volta Region to 3.7 percent in Upper West Region. Greater Accra experiences the lowest regional inflation of 8.3 percent since the rebasing in August 2019.
- Angry Ghanaian youth take #FixTheCountry protests to social media after court injunction
- Benjamin Azamati qualifies for Tokyo Olympics 200m event
- Playback: Finance Minister addresses nation amidst #FixTheCountry protest
- Ghana Month Series: Sunyani Traditional Area discounts Krontihene’s narration of historical facts
- Electoral Commission has no beef with NDC – Bossman Asare
- #FixTheCountry: Bang your utensils, toot your horns on Sunday – Conveners announce format for virtual protest
- #FixTheCountry: Mere speeches won’t cut it, people want something substantive – Protestors tell Finance Minister
- #FixTheCountry convener’s claim of phone cloning false and baseless – Oppong Nkrumah
- Government will address issues raised by #FixTheCountry conveners – Ofori-Atta
- Prof Sitsofe Enyonam Anku
Real Madrid miss chance to go top after Sevilla draw
Juventus drop out of top four after Milan defeat
Statement attributable to the Spokesperson for the Sec.-Gen. – on the death of Lt. Gen. Erskine – first UNIFIL Force Commander
Man Utd comeback at Aston Villa keeps Man City waiting on title
Francis-Xavier Sosu: CNN interview – Akufo-Addo lied or has lost touch with reality in Ghana
Cinco de Mayo, marked in Ghana with La Cocina Mexicana
Queen mothers lobby for appointment of female as Kwaebibrem MCE
#FixTheCountry: If all we need is patience, then government is misreading our demand – Barker-Vormawor
Let us #FixTheCountryTogether – Ofori-Atta urges Ghanaians
2020 Election petition: We paid our lawyers well to do a good job – Bossman Asare
Residents, students in Yapei displaced after rainstorm
Government will address issues raised by #FixTheCountry conveners – Ofori-Atta
Let’s ignite the spirit of nation building- NCCE to Ghanaians
Ghanaians can testify to how EC excellently executed election 2020 – Bossman Asare
#FixTheCountry: Mere speeches won’t cut it, people want something substantive – Protestors tell Finance Minister