July inflation 9.4%
Business
The Ghana Statistical Service (GSS) has announced that the year-on-year inflation rate as measured by the Consumer Price Index (CPI) was 9.4 per cent in July 2019, a 0.3 percentage point increase from the 9.1 per cent recorded in June 2019.
The July rate is the percentage change in the Consumer Price Index (CPI) over the 12-month period from July 2018 to July 2019.
The monthly change rate for July 2019 was 0.6 per cent compared with the 0.8 per cent recorded for June 2019.
The Food and non-alcoholic beverages group recorded a year-on-year inflation rate of 6.6 per cent. This is 0.1 percentage point lower than the rate recorded in June 2019. Six subgroups of the food and non-alcoholic beverages group recorded inflation rates higher than the group’s average rate of 6.6 per cent.
The Non-food group recorded a year-on-year inflation rate of 10.7 per cent in July 2019, compared to 10.3% recorded for June 2019. Four subgroups recorded year-on-year inflation rates higher than the group’s average rate of 10.7 per cent.
Clothing and footwear recorded the highest inflation rate of 14.9 per cent, followed by Recreation and Culture, 14.8%; Furnishings, household equipment and routine maintenance with 14.6%, and miscellaneous goods and services (11.2%). Inflation was lowest in the education sub-sector with (6.4%).
At the regional level, the year-on-year inflation rate ranged from 8.5 per cent for the Upper East Region to 11.1 per cent for the Upper West Region. Five regions (Upper West, Brong Ahafo, Volta, Western and Ashanti) recorded inflation rates above the national average (9.4%). Volta and Ashanti Regions, as well as the Northern and Eastern Regions, recorded the same inflation rate of 9.5 per cent and 9.0 per cent, respectively.
Source: Ghana/ClassFMonine.com/91.3FM
The July rate is the percentage change in the Consumer Price Index (CPI) over the 12-month period from July 2018 to July 2019.
The monthly change rate for July 2019 was 0.6 per cent compared with the 0.8 per cent recorded for June 2019.
The Food and non-alcoholic beverages group recorded a year-on-year inflation rate of 6.6 per cent. This is 0.1 percentage point lower than the rate recorded in June 2019. Six subgroups of the food and non-alcoholic beverages group recorded inflation rates higher than the group’s average rate of 6.6 per cent.
The Non-food group recorded a year-on-year inflation rate of 10.7 per cent in July 2019, compared to 10.3% recorded for June 2019. Four subgroups recorded year-on-year inflation rates higher than the group’s average rate of 10.7 per cent.
Clothing and footwear recorded the highest inflation rate of 14.9 per cent, followed by Recreation and Culture, 14.8%; Furnishings, household equipment and routine maintenance with 14.6%, and miscellaneous goods and services (11.2%). Inflation was lowest in the education sub-sector with (6.4%).
At the regional level, the year-on-year inflation rate ranged from 8.5 per cent for the Upper East Region to 11.1 per cent for the Upper West Region. Five regions (Upper West, Brong Ahafo, Volta, Western and Ashanti) recorded inflation rates above the national average (9.4%). Volta and Ashanti Regions, as well as the Northern and Eastern Regions, recorded the same inflation rate of 9.5 per cent and 9.0 per cent, respectively.
Source: Ghana/ClassFMonine.com/91.3FM
Source: Laud Nartey
Trending News
Former MASLOC CEO’ll be extradited to serve 10-year sentence – Dep AG
06:19You attack us again, we respond with 'appropriate force' - GAF warns Tema civilians
07:38Man allegedly shoots wife in Adaklu
15:01Alan launches Alliance for Revolutionary Change (ARC) today
06:02Ghana deepens ties with Serbia as Minister for Foreign Affairs visits country
07:31‘I can only thank you for your dumsor patience’ – Akufo-Addo to Ghanaians
14:50Ameri name tainted with NDC’s corruption-NPP
17:04Kumasi 1 Thermal Power Project set to address voltage, power quality issues in Kumasi, northern Ghana
17:14Digitalisation has cut demand for sex from women for public services – Bawumia
11:17Ashanti NDC condemns renaming of Ameri Power Plant
16:55