Audio By Carbonatix
Barring any last minute hitches, the Ghana Statistical Service will from next month use the new basket of goods and services to measure inflation.
This means May’s inflation figure would be calculated using this new basket of 267 items to reflect the current consumption pattern on the market.
This should see non-food items, like transportation, communication, and health account for almost 60 percent of goods in the basket and the remainder for food items.
Just like the rebasing of the country’s GDP estimates that has put the value of the economy at the last quarter of 2012 at a little over 20 billion cedis, the review in the way inflation is calculated is also to ensure that the rate better reflects what pertains on the ground.
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
-
Photos: Police engage religious leaders at National Police Headquarters
4 minutes -
Gov’t invests GH¢443m in Free Primary Health Care – Dr Asare Bampoe
42 minutes -
ECG announces power outages in parts of Accra West and Central regions
1 hour -
Otumfuo calls for urgent action to end maternal deaths in Ghana
1 hour -
Prioritise Bawumia’s interest and vote on merit – NPP elder urges delegates Â
1 hour -
Jason Arday death ‘tragedy on so many levels’ says PM
2 hours -
Rotary Club donates phototherapy machine to Ussher Hospital
2 hours -
Analysis: Jason Arday’s death will send shockwaves through a divided academia
2 hours -
CJ’s vacation warrants not limited to politically sensitive cases – Victoria Bright
3 hours -
Parts of Accra to experience power interruption on Sunday for emergency GRIDCo tower restoration
3 hours -
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
4 hours -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
4 hours -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
4 hours -
The rise and rise of Azigi
4 hours -
Is Angela List being targeted? Government must reconsider the Adamus revocation
4 hours