Inflation for the month of February dropped to 13.2 percent.<\/p>\n
[contextly_sidebar id=”W9LnPA5EGHbB9p04e6VTYmCbf6QM0hAr”]It represents a monthly change rate of 0.1 percent compared to the 13.3 percent recorded in January this year.<\/p>\n
According to the Ghana Statistical Service, the food and non-alcoholic beverages recorded an inflation of 7.1 percent while the non food category recorded an inflation of 16.4 percent in February 2017.<\/p>\n
The Acting Government Statistician, Baah Wadieh explained that the marginal decline in inflation was largely influenced by the drop in prices for some key components.<\/p>\n
These included; petroleum products, transport, education and communication, resulted in the general drop in the national inflation.<\/p>\n
\u201cThere is a fall in inflation for transport, education, communication and culture, plus a slight fall for the prices in petroleum products,\u201d he stated.<\/p>\n
The Acting Government Statistician added, \u201cIn February, the average price of petroleum products decreased to 4 cedis 13 pesewas from 4 cedis 20 pesewas in January and this reduction is the main driving factor for the reduction in inflation.\u201d<\/p>\n
Among the regions, the Greater Accra Region\u2019s 14.1 percent was the highest above the national average.<\/p>\n
Meanwhile the Volta region recorded the lowest inflation of 11.4 percent compared to the national average.<\/p>\n
February\u2019s inflation is the lowest since December 2013.<\/p>\n
–<\/p>\n
By: Pius Amihere Eduku\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Inflation for the month of February dropped to 13.2 percent. [contextly_sidebar id=”W9LnPA5EGHbB9p04e6VTYmCbf6QM0hAr”]It represents a monthly change rate of 0.1 percent compared to the 13.3 percent recorded in January this year. According to the Ghana Statistical Service, the food and non-alcoholic beverages recorded an inflation of 7.1 percent while the non food category recorded an inflation […]<\/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":[32,171,11],"tags":[],"class_list":["post-302012","post","type-post","status-publish","format-standard","hentry","category-business","category-local-economy","category-top-stories"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/302012","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=302012"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/302012\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=302012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=302012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=302012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}