Inflation Increases to 12.3% in August

Ghana’s inflation increased to 12.3% in the month of August.

This is 0.4 percent increment of the 11.9 percent recorded in July, 2017.

The inflation measures the change over time in the general price level of goods and services that households acquire for the purposes of consumption.

According to the Acting Government Statistician, Baah Wadieh, the inflation for imported items was higher than that of locally produced items.

“In August 2017, the year-on-year inflation rate for imported items (13.8%) was 2.1 percentage points higher than that of locally produced items (11.7%)”, he said.

He stressed that the food inflation for August 2017 comprising categories such as coffe, cocoa, fish and meat was 7.4 percent compared to 7.2 percent recorded in July this year.

Also, the inflation for non-food categories such as transport, education and health was 14.7 percent; double from the 7.4 percent recorded in July.

Across the regions, Upper West region recorded the highest inflation of 13.4 percent while the Upper East region recorded the lowest inflation of 11.0 percent.

Source: Emmanuel Yeboah Britwum/thepublisher

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