The Consumer Price Inflation (CPI) for June, declined marginally to 18.4% from 18.9% in May 2016.
The monthly change rate was 1.3% in June 2016 compared to 1.1% recorded in May this year.
According to the Ghana Statistical Service (GSS), food inflation went up to 8.6% in June compared to 8.5% in May 2016.
The consumer price index measures the change over time in the general price levels of goods and services that households require for the purpose of consumption.
The non food inflation rate however declined from 25 to 24.1 percent between the one month period. Meanwhile, the inflation rate for imported items increased to 27.1% in June, from the 18.5 percent recorded in May 2016.
The main “price drivers” for the non-food inflation rate were Transport (40.3%), education (33.3%), housing, water, electricity, gas and other fuels (32.8%) and Recreation and Culture (27.7%).
Inflation for locally produced items was however 1.8% higher than the imported items in June.
Figures released by the GSS also showed that the Ashanti region recorded the highest combined food and non food inflation rate of 11.1%.
This was followed by Greater Accra with an inflation of 9.4%.
On the contrary, the Upper East region recorded the lowest combined food and non-food inflation rate of 6.0% for June this year.
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By: Norvan Acquah-Hayford/citibusinessnews.com/Ghana