{"id":197746,"date":"2016-03-10T08:59:57","date_gmt":"2016-03-10T08:59:57","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=197746"},"modified":"2016-03-10T08:59:57","modified_gmt":"2016-03-10T08:59:57","slug":"february-2016-inflation-decreases","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2016\/03\/february-2016-inflation-decreases\/","title":{"rendered":"February 2016 inflation decreases to 18.5 %"},"content":{"rendered":"
Inflation for the second month of the year has decreased by 0.5 percent. Inflation for the February 2016 hit 18.5 percent compared with the 19.0 percent recorded in January 2016.<\/p>\n
[contextly_sidebar id=”DcMixAOBQmKgJeRsc6WXXw2jCj5UjmYh”]The monthly change rate in February 2016 was 0.7 percent while that of January 2016 was 4.6 percent.<\/p>\n
The Ghana Statistical Service cites non food inflation (decrease in utility, transport and education) as accounting for the decline.<\/p>\n
The year \u2013 on \u2013 year non \u2013 food inflation rate \u00a0for February 2016 decreased to 24.5 percent compared to the 25.5% recorded in January 2016.<\/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 Deputy Government Statistician in charge of Operations at the Ghana Statistical Service Anthony Amuzu said the stable nature of the cedi contributed largely.<\/p>\n
\u201cThe cedi stabilizing has played a major role in the drop of inflation as you can see that non food inflation that is, housing, water, electricity, gas and other fuels which was at 41%, transport was at 30.4%, education was at 25.4% and recreation and culture had inflation of 25.3%. We hope to see this continues for sometime.\u201d He stated.<\/p>\n
The main \u201cprice drivers\u201d for the food inflation rate were coffee, tea and cocoa (11.0%), Mineral water, soft drinks, fruits and vegetable juices (11.7%), Sugar, jam, honey, chocolate and confectionery (10.0%), and Vegetables (9.9%).<\/p>\n
Greater region recorded the highest inflation rate of 22.0% while the Upper East Region recorded the lowest inflation rate of 13.8 percent.<\/p>\n
–<\/p>\n
By:\u00a0Norvan Acquah – Hayford\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
Inflation for the second month of the year has decreased by 0.5 percent. Inflation for the February 2016 hit 18.5 percent compared with the 19.0 percent recorded in January 2016. [contextly_sidebar id=”DcMixAOBQmKgJeRsc6WXXw2jCj5UjmYh”]The monthly change rate in February 2016 was 0.7 percent while that of January 2016 was 4.6 percent. The Ghana Statistical Service cites non […]<\/p>\n","protected":false},"author":14,"featured_media":10897,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,171,11],"tags":[],"yoast_head":"\n