June inflation decreases to 12.1%

Inflation for June 2017 decreased to 12.1 percent.

This represents a 0.5 percent drop compared to the 12.6 percent recorded in May this year.

The inflation rate measures the change over time in the general price level of goods and services that consumers purchase.

The Acting Government Statistician, Baah Wadieh explained that the decrease was due to the general decline in the prices of goods in June, compared to the same period last year.

The year on year inflation rate for food categories such as fish and sea foods, meat and meat products, vegetables, fruits,among others reached 6.2 percent in June this year.

This was down form the 6.3 percent recorded in May 2017.

Meanwhile inflation for non-food items such as transport, health, education, among others was 15.1 percent in June 2017.

In all, five regions recorded inflation rates above the national average of 12.1 percent.

They were Upper West, Greater Accra, Brong Ahafo, Ashanti and Western regions.

However the Upper West region recorded the highest inflation rate of 13.1 percent while the Upper East region recorded the lowest inflation of 8.6 percent in June 2017.

By: Pius Amihere Eduku/citibusinessnews.com/Ghana