Pulse.com.gh logo
Go


Economy Of Ghana Inflation for June hits 10%

The inflation for June,2018 is an increase from the 9.8 percent recorded in May 2018.

  • Published:

The inflation rate for June 2018 is 10 percent.

This is an increase from the 9.8 percent recorded in May 2018.

According to the Ghana Statistical Service, the food and non-alcoholic beverages group recorded a year-on-year inflation rate of 7.3 percent. This is 0.3 percentage point lower than the 7.6 percent recorded in May 2018.

READ ALSO: Gov’t to give young entrepreneurs ¢100m this month

Six subgroups of the food and non-alcoholic beverages group recorded an inflation rate higher than the group’s average rate of 7.3 percent. The subgroups were Coffee, tea and cocoa (10.3%), Fruits (9.6%), Meat and meat products (8.7%), Mineral water, soft drinks, fruit and vegetable juices (8.4%), Vegetables (8.3)% and Food products (7.7%).

The non-food group recorded a year-on-year inflation rate of 11.2 percent in June 2018, compared to the rate of 10.9 percent recorded in May 2018. Five subgroups of the non-food group recorded year-on-year inflation rates higher than the group’s average rate of 11.2 percent.

READ ALSO: GSA to raid markets off fake products

Clothing and footwear (16.1%), Transport (15.5%), Recreation and Culture (13.8%), Furnishing, Household Equipment and Routine Maintenance (13.3%) and Miscellaneous goods and services (12.7%). Inflation was lowest in the Housing, Water, Electricity, Gas, and Others Fuels subgroup (3.4%).

At the regional level, the year-on-year inflation rate ranged from 8.1 percent in the Upper East Region to 11.9 percent in Upper West region. Four regions (Upper West, Brong Ahafo, Western and Ashanti) recorded inflation rates above the national average of 10 percent and Northern region recorded the same inflation rate as the national average of 10 percent.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Ponzi schemes in Ghana These investments are Ponzi schemes in Ghana, so...bullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 How to make money online Online jobs; how to make money on YouTube...bullet
5 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
6 Education Top 5 private high schools in Ghana according to WAECbullet
7 Salaries In 2018 Here are the dates public workers will be...bullet
8 Donor Support World Bank injects $60m into Ghana’s energy,...bullet
9 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet
10 Tax Hikes Majority to support tax increasebullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
3 Money Alert Meet Africa's richest womanbullet
4 Tech 6 reasons you should buy an iPhone SE instead of any of the...bullet
5 Support Finance minister buys Kantanka carbullet
6 New Discovery Ghana discovers new mineral, lithium in...bullet
7 Plane Crash Starbow suspends operations following plane crashbullet
8 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
9 New Phone Nokia’s MWC 2018 event in 7 minutesbullet
10 New Phones Nokia MWC 2018 Event in 5 minutesbullet

Business