Northernghana.net
Uncategorized

Inflation in Upper West Hits 11.4%, Lorry fares the Cause

December 2018 saw an increase in the inflation rate from the previous 9.3% recorded in November 2018 to 9.4%; the rate for December according to the Statistical Service amounts to a percentage change in the Consumer Price Index (CPI) over the 12-month period, from December 2017 to December 2018.

Acting Deputy Government Statistician, David Yenukwa Kombat at a press conference in Accra stated that the monthly change rate for December 2018 was 1.1% as compared to 0.7% in November 2018.
He noted that the food and non-alcoholic beverages group recorded a year-on-year inflation rate of 8.7%.
This, he said, is a percentage point higher than the rate recorded in November 2018.
“Four subgroups of the food and non-alcoholic beverages group recorded inflation rate higher than the group’s average rate of 8.7%,” Mr Yenukwa Kombat explained.
The non-food group, according to Mr Yenukwa Kombat, recorded a year-on-year inflation rate of 9.8% in December 2018, as compared to 9.7% for November 2018.
“Five subgroups recorded year-on-year inflation rates higher than the group’s average rate of 9.8%,” he said.
“Transport recorded the highest inflation rate of 13.6%, followed by Recreation and culture with 13.2%, while Clothing and footwear recorded 13.0%. Furnishings, household equipment and routine maintenance recorded 11.6% of inflation, miscellaneous goods and service recorded 10.0% of inflation,” Mr Yenukwa Kombat explained further.
Mr Yenukwa Kombat added Housing, Water, Electricity, Gas as well as other fuels subgroups recorded the lowest inflation of 3.4% in December 2018.
“In December 2018, the year-on-year inflation rate for imported items was 11.1% which is 2.4% points higher than that of locally produced items which were 8.7%,” Mr Yenukwa Kombat said.
“The price drivers for the food inflation rate were coffee, tea and cocoa which recorded inflation of 13.5%, fruits recorded 11.4%, while meat and meat products recorded 10.9%. Mineral water, soft drinks, fruit and vegetable juices recorded inflation of 9.2%,” Mr Yenukwa Kombat stressed.
Regional differentials
Mr David Yenukwa Kombat said at the regional level, the year-on-year inflation rate ranged from 7.5% in the Upper East Region to 11.4% in the Upper West Region.
“Five Regions, thus, Upper West, Brong Ahafo, Western, Ashanti and Northern Regions recorded inflation above the national average rate of 9.4%.
See also  Interior Ministry imposes curfew on Yendi and its environs

 
upperwestmedia.com
Source link

Related posts

Moesha Finally lands a Decent role in a new Movie.

Tamale: GHc 1.9m bus terminal yet to be completed after three years

Delali Adogla-Bessa

You can't denigrate Tongraan with lies – Talensi Royals tell "Concerned Citizens"

A1 Radio News

Tamale Teaching Hospital gets Interim Acting CEO

Charles Wundengba

UPS Will Use VR Headsets To Train Student Drivers To Avoid Traffic

Daniel Wundengba

Mamprusi dance (Video)

Charles Wundengba

Leave a Comment

eighteen − seventeen =