<\/a>Inflation for the month of February hit a record 14 percent. This has been the highest in the past four years.<\/p>\nFebruary inflation recorded a 0.2 percentage points increase from last month where 13.8 percent was reported.<\/p>\n
The Monthly inflation was at 1.1 percent from 3.9 percent recorded in January.<\/p>\n
The Food and non alcoholic beverages group recorded an increased rate of 7.5 percent from 7.1 percent recorded in January.<\/p>\n
The group was dominated by Mineral water and soft drinks which recorded inflation rate of 17 percent.<\/p>\n
The non-food group recorded a year-on-year inflation of 19 percent.<\/p>\n
The group was dominated by Housing, water, electricity subgroup which recorded a staggering 38.9 percent and the Transportation which recorded inflation rate of 26.8percent. Communications remained the lowest at 5 percent.<\/p>\n
On the regional level, Ashanti Region recorded the highest inflation rate of 16.7percent. Greater Accra recorded 14.4percent inflation and Upper West with the lowest rate of 9.5percent.<\/p>\n
Deputy Government Statistician at the Ghana Statistical Service (GSS), Edward Afram Asuo speaking to Citi Business News<\/strong> recommended government works on keeping low fuel prices, a key component of inflation.<\/p>\n\u201cIf we are able to do something about the fuel prices and utility prices, I think we will have a low inflation rate,\u201d he said.<\/p>\n
\nBy: Anim Kwaku Boadu\/citifmonline.com\/Ghana<\/p>\n
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Inflation for the month of February hit a record 14 percent. This has been the highest in the past four years. February inflation recorded a 0.2 percentage points increase from last month where 13.8 percent was reported. The Monthly inflation was at 1.1 percent from 3.9 percent recorded in January. The Food and non alcoholic […]<\/p>\n","protected":false},"author":5,"featured_media":2523,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[21,4],"yoast_head":"\n
February inflation hits 14% - Citi 97.3 FM - Relevant Radio. Always<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n