The inflation rate for January 2019 dropped to 9 per cent from the December rate of 9.4 %.
Ghana Statistical Services said, the January 2019 inflation is the lowest since January 2013. The drop is attributed to a reduction in some food and non-food commodities under the period.
Inflation measures the rate of change in the general price level of goods and services over a period of time. Acting Government Statistician David Kombat explains that there was a reduction of about 0.3 % in the non-food subgroup.
He noted, “the non-food group recorded a year on year inflation rate of 9.5 % in January 2019, compared to the 9.8 % recorded for December 2018”.
The monthly change rate was 1.0 % compared to 1.1 recorded in the January 2019.
David Kombat disclosed, the main price drivers for the non-food inflation rate were, transport (13.4 per cent), clothing and footwear (12.8 per cent) and Recreation and Culture (12.7 per cent)”.
Four regions; Upper West, Brong Ahafo, Western and Ashanti recorded inflation rates above the national average of 9 %.
Upper West region recorded the highest year-on-year inflation rate of 10.8%, followed by Brong Ahafo region (9.9%), while the Upper East region recorded the lowest year-on-year inflation rate (7.7%) in January 2019.
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