• VIDEOS
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Election 2020 Results
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Photos
Local News
 
 
 
Home Business Economy 201305

Inflation rate rises to 10.6 per cent in April

15-May-2013
/ Economy, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The year-on-year inflation rate rose to 10.6 per cent in April, the highest since June 2010, compared with 10.4 per cent in March, Mr Baah Wadieh, Acting Deputy Government Statistician, said on Wednesday.

The monthly change rate for April was 1.8 per cent compared with 1.7 per cent in March 2013.

“This means the general price level went up by 1.8 per cent for the one month period between March 2013 and April 2013,” Mr Wadieh said.

Mr Wadieh said the food inflation rate in April was 6.4 per cent compared with 5.5 per cent recorded in March while the non-food inflation rate fell slightly in April to 13 per cent from 13.2 per cent recorded in March.

The year-on-year food inflation rate of 6.4 per cent was about two times lower than the non-food inflation rate of 13.2 per cent.

The price drivers for the non-food inflation rate included miscellaneous goods and services, 15.6 per cent, transport, 14.7 per cent, clothing and footwear, 14.1 per cent and education, 14.1 per cent.

Mineral water, soft drinks and juices 16.8 per cent, milk, cheese and eggs 15.4 per cent, sugar, jam, honey, syrups, chocolate, confectionary 11.4 per cent, and coffee, tea and cocoa 11.3 per cent were major price drivers for the food inflation.


“Inflation rate for local food products, which stands at six per cent, was about one and half times lower than that of imported food products rate of nine per cent,” Mr Wadieh said.

Within the non-food group, six sub-groups recorded inflation rates higher than the group’s average rate of 13 per cent.

Greater Accra Region recorded the highest inflation rate of 12.6 per cent and Western Region, the lowest, of 8.5 per cent.

Source: GNA

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Gov’t To Simplify Budget Information For The Public

Next Post

VEEP Asks IFC To Increase Financial Portfolio To Ghana

 
 

More Stories

Fitch, Moody’s Project Strong Growth For Ghana But World Bank Thinks Otherwise
Ghana To Face Serious Economic Challenges This Year —Kenneth Thompson
Less Than 2 Million Ghanaians Pay Tax
126 Private Schools Fold Up Over COVID-19
COPEC Predicts 5% Increase In Fuel Prices
Africa Seeks Debt Cancellation, New Paradigm In World Economic Order
EU’s Money Laundering List: Govt Takes Action Towards Country’s Exit In 2021
Gov’t To Hold Nation Building Updates On Rebuilding Of Economy
Parliament Passes Petroleum Hub Bill
Next Post

VEEP Asks IFC To Increase Financial Portfolio To Ghana

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Economy Stories

  • Fitch, Moody’s Project Strong Growth For Ghana But World Bank Thinks Otherwise

  • Ghana To Face Serious Economic Challenges This Year —Kenneth Thompson

  • Less Than 2 Million Ghanaians Pay Tax

  • 126 Private Schools Fold Up Over COVID-19

  • COPEC Predicts 5% Increase In Fuel Prices

  • Africa Seeks Debt Cancellation, New Paradigm In World Economic Order

  • EU’s Money Laundering List: Govt Takes Action Towards Country’s Exit In 2021

  • Gov’t To Hold Nation Building Updates On Rebuilding Of Economy

  • Parliament Passes Petroleum Hub Bill

  • GIPC Quarterly Investment Report Holds Good Prospects For Ghana

 

 
 

Popular Videos

Tima Kunkum Did Not Apply Emotional Intelligence In Her Interview With Delay - Kwasi Aboagye

Asomdwee Park Being Reconstructed...All Thanks To Akufo Addo - Koku

Koku Anyidoho Reveals His Close Relationship With Kwami Sefa Kayi After Birthday Bashing

Counselor Lutterodt Fires Tima Kunkum On Her Interview With Delay

The Moment I Was Convinced Mahama Will Collapse Free SHS - Dr Adutwum Reveals

This Is What Koku Anyidoho Will Do When He Meets Asiedu Nketiah & Mahama

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Online Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media