Ghana’s inflation for November 2016 reached 15.5 percent.
This represents a 0.3 percent down from the 15.8 percent recorded in October this year.
According to the Ghana Statistical Service, the monthly change rate in inflation for November also declined from 1.4 to 0.8 percent between October and November this year.
The figure is also the lowest in the last twelve months.
The food and non-alcoholic beverages group recorded an inflation of 9.3 percent in November.
While inflation for the non-food group reached 18.7 percent.
Acting Government Statistician, Baah Wadieh attributed the marginal decline in inflation to the drop in prices of some major components of inflation.
Mineral water, soft drinks, fruits (14.1%); beverages (14%); fish and sea food (13.4%); meat and meat products (13.3%) as well as sugar, jam, honey and chocolates (12.5%), all recorded inflation above the sector’s average of 9.3 percent.
Also, transport (27.8%), education(25.7%), recreation and culture (21%), furnishings, household equipment and routine maintenance (20.3%), housing, water, electricity, gas (20.3%) and health (20.0%), recorded inflation above the non-food average of 18.7 percent.
The Greater Accra region’s 18.1 percent was the highest inflation above the national average; followed by the Ashanti region’s 15.8 percent.
But the Volta region recorded the lowest inflation of 13.1 percent.
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By: Pius Amihere Eduku/citibusinessnews.com/Ghana