The year-on-year inflation rate as measured by the Consumer Price Index (CPI) was 8.5 percent in April 2021.
This rate of inflation for April 2021 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from April 2020 to April 2021. The monthly change rate for April 2021 is 1.5 percent.
At the regional level, the year-on-year inflation rate ranged from 2.0 percent in the Upper West Region to 12.1 percent in the Greater Accra Region.
Four regions except for recorded inflation rates above the national average of 8.5%.
Government Statistician, Professor Samuel Kobina Annim at the monthly news conference on 12th May 2021 said, ”Food and Non-food inflation for April 2021 The Food and Non-alcoholic beverages recorded a year-on-year inflation rate of 6.5 % for April 2021. The Non-Food group recorded a year-on-year inflation rate of 10.2 percent in April 2021”.
He said Year-on-year variation between food (6.5%) and non-food inflation (10.2%) was 3.7%. Difference between locally produced items (8.7%) and imported items (7.4%) reduces further to 1.3%”.
GSS noted that, ten out of the 13 divisions on both year-on-year and month-on-month basis record higher inflation relative to the 12-month rolling average and same period last year, 2020.
Housing, Water, Electricity and Gas especially in Greater Accra shows significant changes both on a year-on-year and month-on-month basis for April 2021 and year-on-year food inflation in the Northern region surpasses the Greater Accra region by 7.4 percentage points (10.7% vs. 3.3% respectively).
The Combined Consumer Price Index (CPI) measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption, with reference to the price level in 2018, the base year, which has an index of 100.
Story Edzorna Francis Mensah
