27 C
Accra
Wednesday, August 12, 2020
No menu items!

Ghana’s Inflation Rate for January falls to 7.8 percent

Must Read

Israel seeks potential investment opportunities in Western Region

The Israeli Ambassador to Ghana, Libreria and Sierra Leone, Ms Shani Cooper, has embarked on a working visit to...

NDC, NPP parliamentary candidates okay voter registration exercise

Parliamentary candidates of the two main political parties in the Ketu South Municipality have described the just ended Voter...

NIA working on database which will eliminate need for mass voters registration- Oppong Nkrumah

The Minister for Information, Mr. Kojo Oppong Nkrumah, says the National Identification Authority (NIA), is working on a database...

The Year-on-Year Inflation rate for January fell slightly to 7.8 percent from 7.9 percent recorded in December 2019.

The month-on-month inflation between December 2019 and January 2020 was 1.4 per cent.

Professor Samuel Kobina Annim, the Government Statistician, said the contribution of food to inflation had increased while that of housing fell during the period.

Alcoholic Beverages, Tobacco & Narcotics (11.1 per cent), Transport (10.5 per cent), and Housing (nine per cent) were the Divisions with the highest rates of inflation.

The Food and Non-alcoholic beverages Division recorded a year-on-year inflation rate of 7.8 percent, a 0.5 percentage points higher than 7.3 percent in December 2019.

The non-food year-on-year inflation for January stood at 7.9 percent.

Between December 2019 and January 2020, the price level of Food and Non-alcoholic beverages increased by 2.3 per cent, driven by an increase in price levels of Vegetables and Fish.

At the regional level, the year-on-year inflation ranged from 5.6 percent in the Ashanti Region to 10 percent in the Central Region.

SourceGNA

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Israel seeks potential investment opportunities in Western Region

The Israeli Ambassador to Ghana, Libreria and Sierra Leone, Ms Shani Cooper, has embarked on a working visit to...

NDC, NPP parliamentary candidates okay voter registration exercise

Parliamentary candidates of the two main political parties in the Ketu South Municipality have described the just ended Voter Registration Exercise as largely successful. The...

NIA working on database which will eliminate need for mass voters registration- Oppong Nkrumah

The Minister for Information, Mr. Kojo Oppong Nkrumah, says the National Identification Authority (NIA), is working on a database which will eliminate the need...

Nigeria foreign minister recovers from Covid-19

Nigeria’s foreign affairs minister, Geofrey Onyeama, has recovered from Covid-19 after three weeks in isolation. Mr Onyeama, a member of the presidential task force on...

U.S. Supports Shea Parkland Restoration Initiative and Women’s Economic Empowerment in Ghana

The United States Government, through the U.S. Agency for International Development (USAID), and the Global Shea Alliance (GSA), has launched the Action for Shea...

More Articles Like This