
Audio By Carbonatix
The rate of increase in general price levels slowed down marginally by 0.2 percentage points in October compared to September.This comes after the rate of inflation fell from 9.4 percent in the month of September to 9.2 in October.Government Statistician, Dr. Philomena Nyarko explained to JOY BUSINESS the decline could be attributed to the prevailing season of abundant food supply.“The main drivers of the downward trend is the food items, we are seeing a reduction in the prices of food items because of the harvest season.“And also, the cedi has remained stable, it has actually appreciated slightly against the major currencies and so that is why we are seeing this downward trend,” she stated.At the Regional level, the inflation rate ranged from 6.6 percent in the Volta Region to 11.0 percent in the Central Region.Apart from Central, Ashanti and Greater Accra, Northern region also recorded rates above the national average of 9.2 percent.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
CGI orders motorbike training at tactical school in Kyebi
8 minutes -
Sachet water producers in Berekum defy gov’t directives, increase prices
9 minutes -
Critical commodities stuck at port, CSOs warn of family planning crisis
11 minutes -
Gender Ministry mourns victims of Volta Lake boat tragedy, deploys support for affected families
13 minutes -
MPs undergo training on human trafficking and gender dimensions
14 minutes -
Don’t expect instant relief – COMAC CEO warns fuel price drops will be gradual
17 minutes -
GIS to unveil comprehensive plans to enhance officers’ welfare and infrastructure
34 minutes -
Right move, wrong timing? – COMAC CEO questions govt’s delay on fuel price relief
35 minutes -
IMF urges Central Banks to keep inflation in check
59 minutes -
NRSA stands firm on Toyota Voxy ban despite transport operators’ opposition
1 hour -
H. Kwasi Prempeh raises concerns over Supreme Court’s handling of OSP constitutionality case
1 hour -
Global childhood cancer cases soar
1 hour -
Airline pilots fear retribution over refusing to fly in Middle East, aviators’ group says
1 hour -
Police intensify security in Bosomtwe communities after deadly clash
1 hour -
Corporate Income Tax contributes highest to 2025 petroleum revenue
1 hour