The Consumer price inflation rate for November 2016 has dropped to 15.5%, the Ghana Statistical Service has said.
The inflation rate for two groups, food and non-food, contributed to the decline of inflation in November.
The year-on-year inflation rate as measured by the CPI stood at 15.5 percent in November 2016, down by 0.3 percentage point from the 15.8 percent recorded in October 2016.
Read more: October PPI increases slightly to 9.8%
The food and non-alcoholic beverages group recorded a year-on-year inflation rate of 9.3 percent. This is 0.6 percentage point higher than the rate recorded in October 2016.
Five subgroups of the food and non-alcoholic beverages group recorded inflation rates higher than the group’s average rate of 9.3 percent.
The non-food group recorded a year-on-year inflation rate of 18.7 percent in November 2016, compared to the 19.4 percent recorded for October 2016.
The acting government statistician, Baah Wadieh at a press conference in Accra on Wednesday, 14 December, 2016, said, at the regional level, the year-on-year inflation rate ranged from 13.1 percent in the Volta Region to 18.1 percent in the Greater Accra Region.
Read full report here: Inflation for November drops to 15.5%