Inflation drops marginally to 12.2% in September


Ghana’s inflation rate for September 2017 reached 12.2 percent.

This is a marginal drop of 0.1 percent in the inflation rate compared to the 12.3 percent recorded in August 2017.

The inflation rate measures the average change in the prices of goods and services purchased by consumers within a given year.

The Ghana Statistical Service (GSS) attributed the decline in inflation to the onset of the harvest season which has increased supply for most food items.

Deputy Government Statistician, Anthony Amuzu also explained to Citi Business News that the rise in fuel prices had little impact on the inflation level this time around.

Meanwhile inflation rate for food items such as meat, fish, fruits and vegetables stood at 8.1 percent in September with inflation rate for non-food categories such as transport, education and recreation and culture recording 14.1 percent.

In addition, the Upper West region recorded the highest inflation rate of 13.1 percent while the Volta region recorded the lowest inflation rate of 10.5 percent.

By: Pius Amihere Eduku/citibusinessnews.com/Ghana



Published on 11 October 2017 | 4:28 pm at Source