The inflation rate for January 2019 dropped to 9 per cent from the December rate of 9.4 per cent.
According to the Ghana Statistical Services, the January 2019 inflation is the lowest since January 2013.
The drop is attributed to a reduction in some food and non-food commodities under the period.
Inflation measures the rate of change in the general price level of goods and services over a period of time.
Acting Government Statistician David Kombat explains that there was a reduction of about 0.3 per cent in the non-food subgroup.
“The non-food group recorded a year on year inflation rate of 9.5 per cent in January 2019, compared to the 9.8 per cent recorded for December 2018” he noted.
The monthly change rate was 1.0 per cent compared to 1.1 recorded in the previous month.
“The main price drivers for the non-food inflation rate were, transport (13.4 per cent), clothing and footwear (12.8 per cent) and Recreation and Culture (12.7 per cent)” David Kombat disclosed.
Four regions; Upper West, Brong Ahafo, Western and Ashanti recorded inflation rates above the national average of 9 per cent.
Upper West region recorded the highest year-on-year inflation rate of 10.8%, followed by Brong Ahafo region (9.9%), while the Upper East region recorded the lowest year-on-year inflation rate (7.7%) in January 2019.
- EC member dragged to Supreme Court over alleged NPP affiliation
- Canada implements visa-free travel for more countries excluding Ghana
- #KenMustGo: Entire caucus would’ve to take a decision on Finance Minister – Majority Leader
- I feel victimized; what wrong have I done in this country? – Prof. Frimpong-Boateng
- Assin North by-election: NPP elects Charles Opoku as parliamentary candidate
- Parliament approves Gertrude Torkornoo’s nomination as Chief Justice
- Rwanda’s President sacks more than 200 soldiers including generals
- Livestream: Prof Frimpong-Boateng speaks about his arrest by Special Prosecutor
- Government sends proposal on debt restructuring to official creditors
- The tables will turn one day – Prof Frimpong-Boateng reminds those in power
- Ugandan president tests positive for Covid
- Today’s front pages: Thursday, June 8, 2023
- Ghana’s energy security remains our topmost priority – Energy Minister to investors in London
- I played the role of loving wife but behind closed doors, my husband’s secret was destroying me
- I am not complicit in the illegal mining trade – Prof. Frimpong Boateng
- Why he keeps you around even if he doesn’t want a relationship
- Woman dies after eating poisoned chocolates sent by her ex-boyfriend’s Jealous lover
- Rwandan President Kagame sacks military top brass
- Tunisian black women: ‘My skin colour says I don’t belong’
- Nigerian states cut working week to three days
- I did my job; I tried to make Ghana a better place – Prof Frimpong-Boateng
- Burning Changfans alone will not halt illegal mining – Prof. Frimpong
- Our mission was successful until big-people-sponsored-companies started doing whatever they want – Prof. Frimpong on IMCIM
- Akufo-Addo is not petty; my relationship with him is still cordial – Prof. Frimpong-Boateng
- FDA engages market women on food safety