inflation for April

Inflation goes up by 13% in April

Ghana’s inflation for the month of April 2017 hit 13 percent. The figure went up by 1.6 percent from the 12.8 percent recorded in March this year.

According to the Ghana Statistical Service (GSS), inflation for food items was 6.7 percent.

Meanwhile, inflation for non-food items such as transport and utility went up by 16.3 percent in April 2017.

The Acting Government Statistician, Baah Wadieh explained that the inflation in transport sectors contributed to the rise in inflation after about six months of decline.

“The main price drivers for the non-food inflation rate were transported (24.9%), Recreation and culture (22.3%), Furnishings, household equipment and routine maintenance (21.9%), Miscellaneous goods and services (16.8%) and Clothing and footwear (16.7%).”

He also explained that the inflation for fish and seafood influenced the rate of inflation for the food sub-category.

“The “price drivers” for the food inflation rate were Fish and seafood (13.6%), Meat and meat products (10.9%) and Coffee, tea and cocoa (7.2%).”

The Greater Accra region recorded the highest inflation of 14.2 percent while the Volta region recorded the lowest inflation of 10.7 percent.

The inflation rate for imported items in April 2017 (15.0%) was 2.8 percentage points higher than that of Locally produced items (12.2%).