Inflation for the month of April increased to 16.8% from the 16.6% recorded in March 2015.
[contextly_sidebar id=”rQWczSMFp0xY6wdbfwjfbyfaXXQk50PD”]The monthly change rate for April was 1.8% while that of March was 1.0%.
The food inflation for April was 7.2% same as March 2015 while non food inflation recorded 23.2% moving up 0.1% from that of March 1015 which was 23.1%.
The main price drivers for non food inflation rate were housing, water, electricity, gas and other fuels which was at 25.0%, transport 24.5%, and clothing and foot wear 23.7%.
The consumer price index measures the change over time in the general price levels of goods and service that households require for the purpose of consumption.
Speaking to Citi Business News Government Statistician Dr. Philomena Nyarko predicted there will be price stability if there is an increase in local production which she says will bring about a drop in inflation figures.
The year on year on inflation rate for imported items was 19.7% for April 2015 while that for locally produced items was 15.6%.
Central region again recorded the highest combined inflation of 18.9% and non food inflation rate of 26.2% while the Eastern region recoded the lowest inflation rate of 14.1% for April 2015.
By: Norvan Acquah – Hayford/citifmonline.com/Ghana