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Price of Commodities :  Inflation inches up in September


Price of Commodities Inflation inches up in September

Locally produced items however dropped from 16.7% in August to 16.6% in September.

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Government Statistician, Philomena Nyarko play

Government Statistician, Philomena Nyarko
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In September, consumer prices increased 17.2% over the previous month, which followed the 16.9% increase tallied in August.

September’s increase was mainly driven by higher prices for food.

Locally produced items however dropped from 16.7% in August to 16.6% in September.

Read more:

Producer Inflation March drops to 14.3%

April inflation drops marginally to 18.7%

Inflation rate for May hits 18.9%

Inflation leaps to 19.2%

The food and non-alcohol beverages group recorded a year-on-year inflation rate of 9.0%. This is 0.5 percentage point higher than the rate recorded in August.

This was revealed by the government statistician Philomena Nyarko. She revealed that inflation for imported items also rose from 15.2% in July to 17.3% in August, Greater Accra recorded the highest inflation rate of 20.8%, Ashanti region came second with 18.1% while Central region recorded the lowest of 13.8%.

Inflation for imported items also rose from 17.3% in August to 18.7 in September.

Dr. Nyarko said the high inflation rate is expected to continue because of the increase in fuel prices which will affect transportation fares in the country.

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Author

Emmanuel Tornyi

Emmanuel Tornyi Reporter - Pulse. Category Editor for Politics and Campus. I love writing because the pen is mightier than the sword.

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