Mr Baah Wadieh, Acting Government Statistician of Ghana Statistical Service, explained that the monthly change rate for April 2018 was 0.9% compared with 1.1% recorded in March 2018.
The April 2018 rate of 9.6% is the lowest since January 2013.
Food and non-food inflation
The Statistician said the food inflation rate for April 2018 was 7.4% compared with 7.3% recorded in March 2018.
“The price drivers for the food inflation rate were coffee, tea and cocoa 10.5%, fruits 9.8%, meat and meat products 8.8%, mineral water, soft drinks, fruit and vegetable juices 8.8%, food products not else classified 8.5% and vegetables 7.9%,” he explained.
For non-food inflation rate, the Statistician said the group recorded a year-on-year inflation rate of 10.6% in April 2018, compared to the 11.8% recorded for March 2018.
He said “the main price drivers for the non-food inflation rate were clothing and footwear 17.2%, recreation and culture 13.6%, furnishing, household equipment and routine maintenance 13.0% and miscellaneous goods and services 12.3%
According to Mr Wadieh, the year-on-year non-food inflation rate of 10.6% is almost one-and-a- half times that of the food inflation rate of 7.4%.
He also said that five regions, Upper West, Brong Ahafo, Western, Northern and Ashanti Regions, recorded inflation rates higher than the national average of 9.6%.
“Upper West Region recorded the highest year-on-year inflation rate of 11.7%, followed by Brong Ahafo Region 10.7%, while the Upper East Region recorded the lowest year-on-year inflation of 8.2% in April 2018,” he added.
Mr Wadieh said in April 2018, the year-on-year inflation rate for imported items at 12.0% was 3.5 percentage points higher than that of locally produced items at 8.5%. Read Full Story
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