
Audio By Carbonatix
Consumer Price inflation increased to 10.6 percent in February from 10.3 percent recorded in January.The marginal increase is being attributed mainly to an increase in fuel prices. Food inflation for February also rose to 7.2 percent from 6.8 percent the month before while non-food moved up to 12.2 percent.According to the Ghana Statistical Service, this is a measurement of the change over time in the general price level of goods and services that households acquire for the purpose of consumption.Acting Government Statistician, Baah Wadieh said “This should mean that the rate of increase in general price levels of goods and services went up marginally compared to that of January this year”On the regional level, he stated: “Upper West, Brong Ahafo, Greater Accra and Ashanti Region recorded rates higher than the national average”.Upper West recorded the highest rate of 11.7 percent followed by Brong Ahafo with 11.4. Upper East region recorded the lowest rate of 8.1 percent.The non-food group recorded a year on year inflation of 12.2 percent, compared to the 12 percent recorded in January, whilst the food and non-alcoholic beverages group went up by 0.4 to record 7.2 percent.This is a confirmation of an earlier report by JoyBusiness that prices of food in the country experienced an increase in the market in the first quarter of the year 2018.
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.
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
-
GIS to unveil comprehensive plans to enhance officers’ welfare and infrastructure
11 minutes -
Right move, wrong timing? – COMAC CEO questions govt’s delay on fuel price relief
12 minutes -
IMF urges Central Banks to keep inflation in check
35 minutes -
NRSA stands firm on Toyota Voxy ban despite transport operators’ opposition
37 minutes -
H. Kwasi Prempeh raises concerns over Supreme Court’s handling of OSP constitutionality case
45 minutes -
Global childhood cancer cases soar
45 minutes -
Airline pilots fear retribution over refusing to fly in Middle East, aviators’ group says
46 minutes -
Police intensify security in Bosomtwe communities after deadly clash
54 minutes -
Corporate Income Tax contributes highest to 2025 petroleum revenue
56 minutes -
Ghana less exposed to global oil disruptions — Fitch
59 minutes -
Property rates: Stakeholders advocate digitisation, transparency, …
1 hour -
Police officer killed in road crash at Atortorkorpe in Ada
1 hour -
EKMA begins dredging major storm drains ahead of peak rainy season
1 hour -
US has let in 4,499 refugees since October – all but three were South African
1 hour -
Child Protection Units to be part of MMDA Performance Assessment
1 hour