[ 2011-04-14 ]

Inflation falls to 9.13 per cent in March
The rate of inflation fell to 9.13 per cent from
9.16 per cent in March, a marginal decline of 0.03
percentage points from February, the Ghana
Statistical Service (GSS) said on Wednesday.

This means that general price levels in the
country rose at the level of 9.13 percent year on
year.

Inflation has consistently fallen since June 2009,
when the rate stood at 20.74 per cent, to 8.58 per
cent in December 2010.

The trend, however, changed in January and
February when the rate went up by 0.50 and 0.08
percentage points respectively.

Dr Grace Bediako, Government Statistician,
attributed the marginal fall to the downward
influence of the food and non-alcoholic beverages
group on inflation.

The food and non-alcoholic beverages group, which
has been registering single digit inflation rate
since January 2010, recorded an average inflation
rate of 4.7 per cent.

On the other hand, non-food inflation rate,
recorded an average of 12 per cent in March due to
appreciable inflation rate in transport, alcoholic
beverages, water and electricity, among others.

Inflation rates in the regions ranged from 6.50
per cent in the Brong-Ahafo Region to 11.81 per
cent in Greater Accra Region.

The Upper East and West, Ashanti and Greater Accra
regions recorded inflation above the national rate
of 9.13 per cent.

Source - GNA

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