Indicators: Inflation for October 2015 remains unchanged

Though prices of some goods went slightly up, Dr Philomena Nyarko notes, they had little influence on inflation.

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Inflation for the month of October remained 17.4 per cent just like in September, Dr. Philomena Nyarko has revealed.

Though prices of some goods went slightly up, Dr Philomena Nyarko notes, they had little influence on inflation.

Announcing the October rate on Wednesday, Dr Nyarko noted that the relative stability of the Cedi in the currency market also had an influence, especially on imported items.

“The October index was partly driven by the relative stability in the exchange rate of the cedi, resulting in lower prices of imported items.”

The food and non food inflation recorded rates of 7.8 and    23, UP W recorded the highest inflation rates 18.6 above national and up e recorded lowest of 18

 According to Philomena Nyarko, "The monthly change rate  for October 2015 was 2.7% compared to that of 2014 which was - 0.1%.  Year- on- year non food inflation was 23 percent for 2015 compared to the 23.3% 2014, while food inflation  was 7.8%,  the same as for 2014."


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