
Audio By Carbonatix
Inflation rate increased by 0.1 percent in the month of February.
The rate went up from the 16.4 percent recorded in January to 16.5 percent in February.
The Ghana Statistical Service that announced this on Wednesday attributed the increase to the food inflation rate for February.
Deputy Government Statistician, Baah Wadie spoke to JOY BUSINESS.
Inflation measures the change over time in the general price levels of goods and services.
Food inflation rose to 7.0 percent from 6.9 percent whereas non-food inflation recorded 23 percent same as that of January.
On regional basis, the Central region recorded the highest inflation rate of 20 percent from 18.4 percent in January while the Upper West Region recorded the lowest inflation of 13.3 percent the same as in January this year.
Four regions Central, Volta, Upper East and Ashanti recorded inflation rates higher than the national average of 16.5percent.
The Northern Region recorded the same inflation rate as the national rate of 16.5 percent.
Latest Stories
-
24 pick nomination forms for Akan NPP executive elections
17 minutes -
Gender, Finance ministries explore incentives for institutions complying with Affirmative Action Law
21 minutes -
Flooding in Ghana: Asantehene calls for engineering solutions
26 minutes -
Read Full Judgment that sent Herald Editor Larry Dogbey to prison for 7 days
27 minutes -
GoldBod spends $16.11bn on gold purchases to strengthen Ghana’s economy
30 minutes -
ECOWAS Court seeks stronger compliance with judgments
34 minutes -
Gov’t moves to enforce MP-MMDCE collaboration on DCAF, local development projects
38 minutes -
Gov’t urged to remove taxes on solar panels to enhance residential accessibility
41 minutes -
Prisons Service interdicts officer after alleged smuggling attempt
54 minutes -
Ghana Pentecostal Council calls for enforcement of building laws
59 minutes -
Prestea Huni Valley MP urges ban on live ammunition at festivals and funerals
1 hour -
Resilient cocoa sector impossible without resilient farmers – Researcher
1 hour -
Cabinet approves National Ethics and Anti-Corruption Action Plan 2026-2036 – Mahama
1 hour -
Supreme Court allows Trump to end protected status for Haitian and Syrian immigrants
1 hour -
World Cup: Australia and Paraguay play out draw which suits both
1 hour