The rate at which the prices of goods and services change in Ghana has hit 17% for the month of November, the highest in the last four years.<\/p>\n
This was announced by the Ghana Statistical Service on Wednesday.<\/p>\n
[contextly_sidebar id=”VhegH9GCdZo13bmcZkg2KRDhHXYelQKX”]The 17% is however just a marginal increase from the October of 16.9%.<\/p>\n
According to the Deputy Government Statistician Baah Wadeah, the rate at which the prices of food rose in November was just about 0.1%, increasing from 6.5% to 6.6%.<\/p>\n
The average price of vegetables declined by about 5.5% but the overall food inflation was driven by coffee, tea and cocoa which recorded inflation rate of 20.5%.<\/p>\n
In the previous month (September), inflation was at 16.50%, showing a continuous rise of the country\u2019s inflation for several months.<\/p>\n
The non-food inflation was flat at 24.1%, same as in October.<\/p>\n
The Central Region recorded the highest rate of inflation, at 19.5% while the Upper West Region recorded the lowest at 13.1%.<\/p>\n
The Greater Accra Region recorded an inflation rate of 16.3% in the month of November.<\/p>\n
In terms of the imported items in Ghana, inflation hit 24.2%, locally produced items recorded an inflation rate of 14.4%<\/p>\n
Government is looking to reduce inflation to about 11.5% by the end of 2015, as announced by the Finance Minster Seth Terkper in the 2015 budget statement presented to Parliament in November.<\/p>\n
<\/p>\n
By: Nana Boakye-Yiadom\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
The rate at which the prices of goods and services change in Ghana has hit 17% for the month of November, the highest in the last four years. This was announced by the Ghana Statistical Service on Wednesday. [contextly_sidebar id=”VhegH9GCdZo13bmcZkg2KRDhHXYelQKX”]The 17% is however just a marginal increase from the October of 16.9%. According to the […]<\/p>\n","protected":false},"author":25,"featured_media":24286,"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":[43,38,21,4],"class_list":["post-73035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-foresight-medical-center","tag-palaver-newspaper","tag-psychiatric","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/73035","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\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73035"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/73035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/24286"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}