Inflation for the month of December 2015 increased to 17.7% compared with the 17.6% recorded in November 2015.<\/p>\n
The monthly change rate for December was 1.1% while that of November was 1.0%.<\/p>\n
[contextly_sidebar id=”UlgI7i4FIKRfuBxCLKEv8PXVUMfLHi5i”]Food inflation rose to 8.0% compared to the 7.9% recorded for November 2015\u00a0while non food inflation recorded 23.3% which was three times higher than the food inflation of 8.0%.<\/p>\n
The consumer price index measures the change over time in the general price levels of goods and services that households require for the purpose of consumption.<\/p>\n
The Chief Executive of the Ghana Statistical Service Dr. Philomena Nyarko speaking to Citi Business News attributed the increase to recent hikes in utility and projects a continues rise in inflation in the first quarter of 2016.<\/p>\n
The main \u201cprice drivers\u201d for the non-food inflation rate were recreation and culture (26.9%), education (26.8%), transport (27.0%), clothing and footwear (24.1%), furnishings, household equipment and routine maintenance (25.8%) and Housing, water, electricity, gas and other fuels (24.3%).<\/p>\n
Ashanti region recorded the highest year on year inflation rate of 19.2% while the Upper East Region recorded the lowest inflation rate of 13.7 percent.<\/p>\n
–<\/p>\n
By:\u00a0 Norvan Acquah – Hayford\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Inflation for the month of December 2015 increased to 17.7% compared with the 17.6% recorded in November 2015. The monthly change rate for December was 1.1% while that of November was 1.0%. [contextly_sidebar id=”UlgI7i4FIKRfuBxCLKEv8PXVUMfLHi5i”]Food inflation rose to 8.0% compared to the 7.9% recorded for November 2015\u00a0while non food inflation recorded 23.3% which was three times […]<\/p>\n","protected":false},"author":14,"featured_media":0,"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":[121,32],"tags":[],"class_list":["post-181500","post","type-post","status-publish","format-standard","hentry","category-banking-and-finance","category-business"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/181500","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=181500"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/181500\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=181500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=181500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=181500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}