{"id":181500,"date":"2016-01-13T17:50:50","date_gmt":"2016-01-13T17:50:50","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=181500"},"modified":"2016-01-13T17:50:50","modified_gmt":"2016-01-13T17:50:50","slug":"ghanas-inflation-for-2015-ends-at-17-7","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/01\/ghanas-inflation-for-2015-ends-at-17-7\/","title":{"rendered":"Ghana&#8217;s inflation for 2015 ends at 17.7%"},"content":{"rendered":"<p>Inflation for the month of December 2015 increased to 17.7% compared with the 17.6% recorded in November 2015.<\/p>\n<p>The monthly change rate for December was 1.1% while that of November was 1.0%.<\/p>\n<p>[contextly_sidebar id=&#8221;UlgI7i4FIKRfuBxCLKEv8PXVUMfLHi5i&#8221;]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<p>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<p>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<p>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<p>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>&#8211;<\/p>\n<p>By:\u00a0 Norvan Acquah &#8211; Hayford\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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=&#8221;UlgI7i4FIKRfuBxCLKEv8PXVUMfLHi5i&#8221;]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 [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[121,32],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ghana&#039;s inflation for 2015 ends at 17.7% - Citi 97.3 FM - Relevant Radio. 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