Year-on-year inflation rate for April 2015 rose 0.2 percentage points to 16.8 percent, compared to the 16.6 percent recorded in March, the Ghana Statistical Service (GSS) announced here on Wednesday. inflation
Government Statistician Philomena Nyarko said food inflation remained flat at 7.2 percent as it was in the previous month, while non-food inflation rose to 23.2 percent, relative to 23.1 percent in March.
“The non-food products inflation rate of 23.2 percent was more than three times higher than the food inflation of 7.2 percent,” Nyarko noted.
The year-on-year inflation rate for imported items was 19.7 percent in April relative to the 21.3 percent recorded in March, while the year-on-year inflation rate for locally produced items was 15.6 percent in April, relative to the 14.9 percent recorded the previous month.
“The main price drivers for the non-food inflation rate were the housing, water, electricity, gas and other household items group (25 percent); transport (24.5 percent); and clothing & footwear group (23.7 percent),” Nyarko said.
The country’s currency has depreciated by 17.2 percent against the major trading foreign currencies from January 2015 to May 8, 2015, relative to the 21.2 percent depreciation experienced over the same period last year, according to Central Bank Governor Henry Wampah. Enditem

Source: Xinhua


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