Inflation for the month of April increased to 16.8% from the 16.6% recorded in March 2015.<\/p>\n
[contextly_sidebar id=”BfCGmSOxZ5ASAbmxg9Xm2flebfv5J37B”]The monthly change rate for April was 1.8% while that of March was 1.0%.<\/p>\n
The food inflation for April was 7.2% same as March 2015 while non food inflation recorded 23.2% moving up 0.1% from that of March 1015 which was 23.1%.<\/p>\n
The main price drivers for non food inflation rate were housing, water, electricity, gas and other fuels which was at 25.0%, transport 24.5%, and clothing and foot wear 23.7%.<\/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
Speaking to Citi Business News Government Statistician Dr. Philomena Nyarko predicted there will be price stability if there is an increase in local production which she says will bring about a drop in inflation figures.<\/p>\n
The year on year on inflation rate for imported items was 19.7% for April 2015 while that for locally produced items was 15.6%.<\/p>\n
Central region again recorded the highest combined inflation of 18.9% and non food inflation rate of 26.2% while the Eastern region recoded the lowest inflation rate of 14.1% for April 2015.
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\nBy: Norvan Acquah – Hayford\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Inflation for the month of April increased to 16.8% from the 16.6% recorded in March 2015. [contextly_sidebar id=”BfCGmSOxZ5ASAbmxg9Xm2flebfv5J37B”]The monthly change rate for April was 1.8% while that of March was 1.0%. The food inflation for April was 7.2% same as March 2015 while non food inflation recorded 23.2% moving up 0.1% from that of March […]<\/p>\n","protected":false},"author":14,"featured_media":12342,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[4],"yoast_head":"\n