Home   >   Business   >   Economy   >   202003
Inflation Rate Closes Flat At 7.8 Percent In February   
 
  << Prev  |  Next >>
 
12-Mar-2020  
Comments ( 0 )     Email    Print
       
 
 
 
 
 
Related Stories
 
The year-on-year inflation rate was unchanged at 7.8 percent in February, the same rate as in January, 2020, the Ghana Statistical Service said on Wednesday.

Mr David Kombat, a Deputy Government Statistician, said at a media briefing that the month-on-month inflation between January 2020 and February 2020 was 0.4 percent.

The food and non-alcoholic beverages recorded a year-on-year inflation rate of 7.9 percent while the non-food inflation rate was 7.7 percent, lower than the 7.9 percent recorded in January 2020.

Between January 2020 and February 2020 the price level of food and non-alcoholic beverages increased by 0.5 percent, driven by increase in price levels of vegetables, fruits and nuts, and cocoa drinks.

In the non-food, subclasses such as transport services, postal and courier services and narcotics recorded highest year-on-year inflation, ranging from 23.1 percent to 34 percent.

Inflation of imported goods was 5.9 percent while the inflation of local goods was 8.6 percent on average.

At the regional level, the year-on-year inflation ranged from 9.7 percent in Greater Accra Region to 5 percent in Upper west Region.
 
 
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