25 C
Accra
Saturday, May 8, 2021
No menu items!

Inflation for March 2019 up to 9.3% from 9.2%%

Must Read

Neymar signs new Paris St-Germain contract

Neymar has signed a contract extension with Paris St-Germain, keeping the Brazil forward at the French giants until 30...

Tanzanian city ‘running low on condoms’

Tanzania’s south-western city of Mbeya’s Councilors says the country is running out of condoms. The issue was reportedly raised at...

Eidul-Fitr Prayers can’t be held in large congregations – Chief Imam

The National Chief Imam, Sheikh Nuhu Sharabutu has declared that this year’s Eid-ul-Fitr Prayers and celebrations cannot be observed...

The Deputy Acting GGovernmen Statistician of Ghana Statistical Service (GSS) said in March 2019, the year-on year inflation rate has moved to 9.3%, from the 9.2% recorded in February 2019.

The monthly change rate in March 2019 was 1.2% compared with the 1.0% recorded in February 2019, he added.

The year-on-year non-food inflation rate for March 2019 was 9.7% same as the rate recorded for February 2019.

At news conference, David Combat noted that, “the year-on-year food infiation rate for March 2019 was 8.4%, compared with 8.1% recorded in February 2019, and the year-on-year non-food inflation rate (9.7%) is 1.3 percentage points higher than the food inflation rate (8.4%)”.

ln March 2019, the year-on-year inflation rate for imported items (11.1%) was 2.6 percentage points higher than that of (ocally produced items (8.5%).

According him, “the main “price drivers” for the non-food inf)ation rate were Recreation and Culture(14.1%), Transport (13.7%), Clothing and footwear (13.3%), and Furnishing, Household Equipment and Routine Maintenance (12.2%).

The “price drivers” for the food inflation rate were Coffee, tea and cocoa (13.0%), Mineral water, soft drinks, fruit and vegetable juices (11.1%), Fruits (10.2%), and Meat and meat products (9.1%)”.

Four regions (Upper West, Brong Ahafo, Western and Ashanti) recorded inflation rates above the national average and Volta region recorded the same inflation rate as the national average of 9.3 percent.

Upper West region recorded the highest year-on-year inflation rate of 11.4%, followed by Brong Ahafo region (10.2%), while the Upper East region recorded the lowest year-on-year inflation rate (7.9%) in March 2019.

Story by Edzorna Francis Mensah

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Neymar signs new Paris St-Germain contract

Neymar has signed a contract extension with Paris St-Germain, keeping the Brazil forward at the French giants until 30...

Tanzanian city ‘running low on condoms’

Tanzania’s south-western city of Mbeya’s Councilors says the country is running out of condoms. The issue was reportedly raised at a meeting of Mbeya City...

Eidul-Fitr Prayers can’t be held in large congregations – Chief Imam

The National Chief Imam, Sheikh Nuhu Sharabutu has declared that this year’s Eid-ul-Fitr Prayers and celebrations cannot be observed in large congregations due to...

Majority Leader criticizes #Fixthecountry campaign saying it lacks basis

Front liners of the #Fixthecountry movement have launched a fresh hashtag called #NameAndShame on social media. With over 90,000 tweets the campaigners are tasking the...

Uber removes trip cancellation fees

Uber has announced that it will no longer charge trip cancellation fees. On Saturday, May 8, 2021, the company sent a message via email informing...

More Articles Like This