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
-
GPL 2025/26: Mensah brace fires All Blacks to victory over Eleven Wonders
59 minutes -
This Saturday on Newsfile: Petitions against the OSP, EC heads, and 2025 WASSCE results
1 hour -
Ambassador urges U.S. investors to prioritise land verification as Ghana courts more investment
2 hours -
Europe faces an expanding corruption crisis
2 hours -
Ghana’s Dr Bernard Appiah appointed to WHO Technical Advisory Group on alcohol and drug epidemiology
2 hours -
2026 World Cup: Ghana drawn against England, Croatia and Panama in Group L
2 hours -
3 dead, 6 injured in Kpando–Aziave road crash
3 hours -
Lightwave eHealth accuses Health Ministry of ‘fault-finding’ and engaging competitor to audit its work
3 hours -
Ayewa Festival ignites Farmers Day with culture, flavour, and a promise of bigger things ahead
3 hours -
Government to deploy 60,000 surveillance cameras nationwide to tackle cybercrime
3 hours -
Ghana DJ Awards begins 365-day countdown to 2026 event
3 hours -
Making Private University Charters Optional in Ghana: Implications and Opportunities
3 hours -
Mampong tragedy: Students among 30 injured as curve crash kills three
3 hours -
Ken Agyapong salutes farmers, promises modernisation agenda for agriculture
3 hours -
Team Ghana wins overall best project award at CALA Advanced Leadership Programme graduation
3 hours
