Audio By Carbonatix
Inflation for the month of March records marginal increase.
It stood at 8.8 percent up from February’s figure of 8.6 percent.
This means though prices of goods and services generally went up in March the rate of increase or change was a little lower compared to the previous month.
Head of Economist Statistics Ebo Duncan explained to Joy Business what accounted for the decline.
“If you take some of these things, you will see that if you have exchange rate problems, it can lead to price hikes,” he said.
He said the decline in the value of the cedi can partially be blamed for the increase in inflation but said other factors also come into play.
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
-
Parts of Accra to experience power interruption on Sunday for emergency GRIDCo tower restoration
4 minutes -
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
38 minutes -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
40 minutes -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
42 minutes -
The rise and rise of Azigi
49 minutes -
Is Angela List being targeted? Government must reconsider the Adamus revocation
51 minutes -
Bezos-backed consortium buys a third of Liverpool
52 minutes -
Galamsey is becoming a national survival issue – Annoh-Dompreh
1 hour -
Beyond State Funding: NSA Inaugurates Deen-led team to power Ghana’s sports reset
1 hour -
Jason Arday death ‘tragedy on so many levels’ says PM Burnham
1 hour -
NPP has never used nolle prosequi to shield appointees – Baffour Awuah
1 hour -
A-G owes it a duty to the State even if we don’t trust him – Dr Bomfeh on AKSA bribery probe
2 hours -
A Plus dismisses claims poor English explains his limited role in Parliament
2 hours -
Unauthorised drone flights banned at Manhyia Palace
2 hours -
Aksa bribery scandal: Ghana’s probe must be pursued with speed – Dafeamekpor
3 hours