[ 2017-03-15 ]

Inflation drops again to 13.2% in February
Inflation for the month of February dropped to
13.2 percent.

It represents a monthly change rate of 0.1 percent
compared to the 13.3 percent recorded in January
this year.


According to the Ghana Statistical Service, the
food and non-alcoholic beverages recorded an
inflation of 7.1 percent while the non food
category recorded an inflation of 16.4 percent in
February 2017.

The Acting Government Statistician, Baah Wadieh
explained that the marginal decline in inflation
was largely influenced by the drop in prices for
some key components.

These included; petroleum products, transport,
education and communication, resulted in the
general drop in the national inflation.

“There is a fall in inflation for transport,
education, communication and culture, plus a
slight fall for the prices in petroleum
products,” he stated.

The Acting Government Statistician added, “In
February, the average price of petroleum products
decreased to 4 cedis 13 pesewas from 4 cedis 20
pesewas in January and this reduction is the main
driving factor for the reduction in inflation.”

Among the regions, the Greater Accra Region’s
14.1 percent was the highest above the national
average.

Meanwhile the Volta region recorded the lowest
inflation of 11.4 percent compared to the national
average.

February’s inflation is the lowest since
December 2013.

Source - citibsinessnews.com

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