Inflation recorded a significant increase in the month of January. The rate went up from 17.7 percent in December 2015 to 19 percent - the highest increase over a month in recent times.
Speaking to JOYBUSINESS after a news conference, Deputy Government Statistician, Mr. Baah Wadieh attributed this mainly to an increase in non-food inflation components such as water, electricity and transport.
The annual (year-on-year) inflation rate for January 2016 was 19.0%.
This means that the change in the general price level was 19.0% over the one year period, from January 2015 to January 2016.
The year-on-year inflation rate for December 2015 was 17.7%.The non-food inflation rate for January 2016 was 25.5% (compared with 23.3% recorded in December 2015).
The non-food inflation rate (25.5%) is more than three times higher than the food inflation rate (8.2%).
Two regions, Ashanti and Greater Accra recorded inflation rates higher that of the national average of 19.0% Greater Accra Region recorded the highest combined inflation rate of 23.1% while the Upper East recorded the lowest at 14.1%.
The January 2016 rate of 19.0 % is the highest since January 2013.
NDC demands complete overhaul of security protocols at EC to safeguard electoral...
Ghana reaches interim deal with international bondholders — Finance Ministry
Mahama to form joint army-police anti-robbery squads to safeguard 24-hour econom...
Another man jailed eight months over shrinking penis
Ghana to adjust external bond deal to meet IMF debt sustainability goals — Finan...
IMF negotiations: We've not failed to reach an agreement with bondholders; we’ve...
EC begins recruitment of temporary electoral officials, closes on April 29
NPP lost the 2024 elections in 2022 due to inflation and cedi depreciation — Mar...
Your good heart towards Ghana has changed; don’t behave like Saul - Owusu Bempah...
Wa West: NDC organizes symposium for Vieri Ward Women
