Home Business Finance February 2015 Consumer inflation inches up to 16. 5 pct in Ghana

February 2015 Consumer inflation inches up to 16. 5 pct in Ghana


Consumer Price Index (CPI) inched up by 0.1 percentage point to record 16.5 percent relative to the 16.4 percent recorded in January, the Ghana Statistical Service (GSS) announced here on Wednesday.


The monthly change rate for the period between January 2015 and February 2015 was also 1.2 percent, compared with the 3.4 percent recorded for the period between December 2014 and January 2015.
Food inflation, according to Philomena Nyarko, Government Statistician, also recorded a 0.1 percentage point rise to record 7.0 percent in the month under review, relative to the 6.9 percent recorded a month earlier.
?The non-food group on the other hand recorded a year-on-year inflation figure of 23.0 percent, same as it recorded in January,? Nyarko disclosed.
Regional inflation ranged from a low of 13.3 percent to a high of 16.5 percent, with Northern Region equaling the national average of 16.5 percent, according to the statistical authorities.
Price drivers for the food inflation, according to the Government Statistician, were local staples, which have seen some prices inching up as Ghana enters the planting season.
Traditionally, the planting season ushers the West African country into the period of food scarcity and its attendant high prices.
This situation has stabled over the past four years due to some relatively better management of post-harvest losses. Enditem

Source: Xinhua



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.