Inflation for the month of July 2015 increased to 17.9% from the 17.1% recorded in June 2015.<\/p>\n
The monthly change rate for April is 2.3% while that of June was 1.8%.<\/p>\n
[contextly_sidebar id=”TF714Qjkeavqadf1lS6qLcxk3LlPVYhi”]Food inflation rose to 7.6% compared with the 7.4% recorded for June 2015\u00a0where as non food inflation recorded 24.6% moving up 1.0% from that of June 2015 which was 23.6%.<\/p>\n
The main price drivers for non food inflation were\u00a0housing, water, electricity, gas and other fuels recording the highest inflation rate of 27.1% but communication recorded the lowest in the communication subgroup recording 13.1% with transport recording inflation rate of 25.7% and clothing and foot wear 24.9% in the non-food group.<\/p>\n
The consumer price index measures the change over time in the general price levels of goods and service that households require for the purpose of consumption.<\/p>\n
According to the Chief Executive of the Ghana Statistical Service Dr. Philomena Nyarko the current inflation is high due to the utility price adjustments.<\/p>\n
At the regional level the year on year inflation rate ranged from 14.3% in the Northern region to 19.8% in the Central region.<\/p>\n
Four regions Central, Ashanti, Volta and Upper East recorded inflation rates above the national average of 17.9%.<\/p>\n
The Northern region recorded the lowest inflation rate of 14.3% while the Central region recorded the\u00a0highest regional inflation rate of 19.8%.<\/p>\n
–<\/p>\n
By:\u00a0 Norvan Acquah – Hayford\/citifmonline.com\/Ghana<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Inflation for the month of July 2015 increased to 17.9% from the 17.1% recorded in June 2015. The monthly change rate for April is 2.3% while that of June was 1.8%. [contextly_sidebar id=”TF714Qjkeavqadf1lS6qLcxk3LlPVYhi”]Food inflation rose to 7.6% compared with the 7.4% recorded for June 2015\u00a0where as non food inflation recorded 24.6% moving up 1.0% from […]<\/p>\n","protected":false},"author":14,"featured_media":41955,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[21,4],"class_list":["post-143060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-psychiatric","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/143060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=143060"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/143060\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/41955"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=143060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=143060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=143060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}