The increase in utility tariffs in July has started biting the pockets of consumers in Ghana, the Ghana Statistical Service (GSS) revealed here on Wednesday.
The year-on-year inflation rate for July increased 0.3 percentage points to 9.4 percent compared with the 9.1 percent recorded a month earlier, said David Yenukwa Kombat Deputy Government Statistician at the monthly press briefing.
“The non-food inflation rate for July 2019 was 10.7 percent (compared with 10.3 percent recorded in June 2019)
“The housing-water-utility sub-group was the largest upward contributor with 3.0 percent to the rate of inflation in July 2019 for the Non-food group,” Kombat explained.
The Public Utilities Regulatory Commission (PURC) approved of an 11.7 percent increase in power tariffs to take effect from July while water tariffs also went up by a total of 17 percent by 8.01 percent in the same month.
The food and non-alcoholic beverages group however recorded a 0.1 percentage point reduction in inflation to 6.6 percent in July, compared with the 6.7 percent inflation recorded in June. Enditem