ADVERTISEMENT
RADP / Pulse Ghana  >  news  >  business

April inflation drops marginally to 18.7%

quist

This is attributable to  the decline to the relative stability of prices of petroleum products and the local currency in the month under review.

 
 

The key drivers according to the Ghana Statistical Service were transport, water, electricity, gas and other fuels, education, recreation, culture and clothing.

READ MORE: Producer Inflation March drops to 14.3%

Address the press in Accra, the Deputy Government Statistician Baah Wadie noted that the inflation rate for housing and rent alone recorded  “a rate of 72 percent but what we are saying is, for this broad group of non-food items, we are giving an average figure for the group but the sub-components in that group can be disaggregated and the inflation for each sub-component can be produced.”

ADVERTISEMENT

Mr. Wadie added that “food inflation generally went from 8.3 percent to 8.4 percent and we realized that the key driver in the food group is vegetables where cassava and other vegetables belong.”

The monthly change rate in April 2016 was 1.4 percent while that for March 2016 was 1.7 percent.  The year-on-year   non-food inflation rate for April 2016 was 24.8 percent compared with the 25.7 percent recorded in March 2016.

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!
quist

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.com.gh

ADVERTISEMENT