ADVERTISEMENT

June inflation drops marginally to 18.4%

Government statistician, Dr. Philomena Nyarko attributed the drop to non-food inflation such as transport, education, housing, water, electricity and gas which dropped from 25% to 24.1%.

Dr. Nyarko said the stability in the cedi also contributed to the inflation drop.

Inflation rate for the month of June this year declined marginally from 18.9 % to18.4%.

Speaking at a news conference Wednesday, Dr. Nyarko said food inflation rose slightly from 8.5% to 8.6% but said the rise can be ignored because it is a minor change.

The inflation rate on imported items also went down.

Dr. Nyarko said the stability in the cedi also contributed to the inflation drop.

ADVERTISEMENT

Touching on regional inflations, the government statistician said:

“The Greater Accra Region recorded the highest combined inflation rate and the highest non-food inflation rate while the Ashanti Region recorded the highest food inflation rate in June 2016.

“For food and non-alcoholic beverages, we had the Ashanti Region recording an inflation rate of 11.1%, thus the highest, followed by the Greater Accra Region with 9.4 %. The Upper East Region recorded the lowest food inflation rate of 6.0%.

“For the non-food inflation rate, we had the Greater Accra Region recording the highest non-food inflation rate of 29.3 % followed by the Ashanti Region with a value of 24.4 %. Here again, the Upper East Region recorded the lowest non-food inflation rate of 18.9%,” Dr. Nyarko said.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.com.gh

ADVERTISEMENT