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Inflation Ends 2018 At 9.4 Percent   
 
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09-Jan-2019  
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The year-on-year inflation rate ended December 2018 at 9.4 percent, up 0.1 percentage point from the 9.3 percent recorded in November 2018, the Ghana Statistical Service said on Wednesday.

Mr David Kombat, the Acting Government Statistician, told a press conference that the monthly change rate for December 2018 was 1.1 percent compared with 0.7 percent recorded for November 2018.

The food and non-alcoholic beverage group recorded a year-on-year inflation rate of 8.7 percent compared to the 8.5 percent recorded in November 2018.

Four sub-groups of the food and non-alcoholic beverages group- coffee, tea and cocoa; fruits, meat and meat products; mineral water, soft drinks, fruit and vegetable juices recorded inflation rates higher than the group’s average rate of 8.7 percent.

The non-food group recorded a year-on-year inflation rate of 9.8 percent in December 2018, up from 9.7 percent in November.

Five sub-groups of the non-food group, including transport, recreation and culture; clothing and footwear recorded year-on-year inflation rates higher than the group’s average rate of 9.8 percent.

Inflation was, however, lowest in the Housing, Water, Electricity, Gas and other Fuels subgroup.

At the regional level, the year-on-year inflation rate ranged from 7.5 percent in the Upper East Region to 11.4 percent in Upper West Region.
Five regions, Upper West, Brong Ahafo, Western, Ashanti and Northern, recorded inflation rates above the national average rate of 9.4 percent.
 
 
Source: GNA
 
 

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