Audio By Carbonatix
Inflation for the month of June has recorded another marginal decline. It stood at 8.5 percent down from the May figure of 8.9 percent.
It represents the inflationary trend from June last year to June this year.
The Statistical Service attributes the decline to a drop in the price levels of food stuffs.
Compared to last month however, general price levels went up marginally.
Government Statistician, Dr. Grace Bediako explains to Joy Business what is accounting for these changes.
“The month-on-month is really the mediate experience in price levels so it shows the inflation within a short period of time.
"And here a lot depends on the seasons-what is changing- because May has a different set of characteristics when it comes to food production, harvest and the like, than June. That is why we have different patterns in the month-to-month from the year-on-year.
"So it is a lot more complicated than just price levels increasing immediately and then we see a change,” she added.
The Greater Accra region still has the highest inflation at 12.4 percent whilst the Volta Region at 4.6 percent had the lowest.
Source: Joy Business/Myjoyonline.com/Ghana
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