The Consumer Price Inflation (CPI) for June, declined marginally to 18.4% from 18.9% in May 2016.
[contextly_sidebar id=”paLXLfReV4Z3QbevlY5yNZ0kdnKKq6ZG”]The monthly change rate was 1.3% in June 2016 compared to 1.1% recorded in May this year.
According to the Ghana Statistical Service (GSS), food inflation went up to 8.6% in June compared to 8.5% in May 2016.
The non food inflation rate however declined from 25 to 24.1 percent between the one month period. Meanwhile, the inflation rate for imported items increased to 27.1% in June, from the 18.5 percent recorded in May 2016.
Inflation for locally produced items was however 1.8% higher than the imported items in June.
Figures released by the GSS also showed that the Ashanti region recorded the highest combined food and non food inflation rate of 11.1%.
This was followed by Greater Accra with an inflation of 9.4%.
On the contrary, the Upper East region recorded the lowest combined food and non-food inflation rate of 6.0% for June this year.
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By: Norvan Acquah-Hayford/citibusinessnews.com/Ghana