In December 2018, there was 9.4% increase in the inflation rate that was in November, 9.3 percent. In December last year the monthly change rate was 1.1 percent as against 0.7 % in November.
David Kombat, Acting Government Statistician said, the slight climb in inflation for December can be credited to the insignificant hike in spare parts and transport fares.
He stated, “We see that consistently when there is a change in fuel price or not, if we look at the Upper West Region, for example, the inflation rate for transport is always the cause of the increase in their rates. The cost of Spare parts has also had a trickling down effect on the overall year – on – year inflation rate,”.
Mineral water, soft drinks, fruit and vegetable juices (9.2 percent), Coffee, tea and cocoa (13.5 percent), Meat products (10.9 percent) and Fruits (11.4 percent) were the drivers for the food inflation rate.
Upper West, Being Ahafo, Western, Ashanti and Northern recorded inflation rates above the national average of 9.4 percent.
There was lowest year-on-year inflation rate of 7.5% in Upper East region in December 2018. The Upper West region recorded the highest year-on-year inflation rate of 11.4%, after the Brong Ahafo region.
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