This was largely driven by an increase in the inflation rate of non-food items during the month. Non-Food year-on-year inflation on average went up in March compared to the previous month, from 8.8% to 10.0%. Out of the 13 divisions, six had higher year-on-year inflation in March 2021 than the rolling average over the last 12 months.
“March 2021 inflation was 10.3%. This shows relative stability in inflation between February and March 2021. On a month-on-month basis, Food inflation was 0.2%, which is lower than 7 other divisions. Education Services recorded no month-on-month inflation,” the Government Statistician, Prof. Samuel Kobina Annim said.
During the period, food inflation (10.8%) was both lower than last month (12.3%) and the average of the previous 12 months (12.8%). This leads to food inflation decreasing in its contribution to total inflation to 46.3%, the lowest contribution observed since February 2020.
Within the Food Division, Tea (16.7%) recorded the highest rate of inflation (see Figure 4). Vegetables and Fish and Other Seafood recorded negative month-on-month inflation (-0.1% and -0.1% respectively) in March 2021. Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS