The average price of goods and services for the month of April has increased.
In April, the year-on-year inflation rate was 13.0 percent compared with the 12.8 percent recorded in March 2017.
This was disclosed by the Ghana Statistical Service (GSS) in a press release on Wednesday, May 10.
The monthly change rate in April 2017 was 1.6 percent while that for March 2017 was 1.3 percent. The year-on-year non-food inflation rate for April 2017 was 16.3 percent compared with the 15.6 percent in March 2017.
The year-on-year food inflation rate for April 2017 was 6.7% compared with 7.3% recorded in March 2017.
GSS further explained that the main factors responsible for the non-food inflation rate were transport (24.9 percent), recreation and culture (22.3 percent), furnishings, household equipment and routine maintenance (21.9 percent), miscellaneous goods and services (16.8 percent) and clothing and footwear (16.7 percent).
The price drivers for the food inflation rate were fish and sea food (13.6 percent), meat and meat products (10.9 percent) and coffee, tea and cocoa (7.2 percent).
Four regions (Greater Accra, Upper West, Brong Ahafo and Ashanti) recorded inflation rates higher than the national average and Western region recorded the same inflation rate as the national average of 13.0 percent.
The Greater Accra region recorded the highest year-on-year inflation rate of 14.2 percent, followed by the Upper West region with 13.7 percent while the Volta region recorded the lowest (10.7 percent).
Source: Ghana/AccraFM.com
