No Result
View All Result
Tuesday, October 3, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Govt defaults on paying pension contributions for public sector workers

    Punitive domestic tariffs threaten African trade

    Traders bare teeth at GRA; issue ultimatum to govt over tax compliance exercise

    Prices of petroleum products to rise marginally in October – IES

    Gross insurance premiums decline in H1; but industry outlook remains positive

    AGI advocates for innovative policies to support SMEs

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Prices of petroleum products to rise marginally in October – IES

    FBNBank Ghana launches Akye promotion

    AGI advocates for innovative policies to support SMEs

    Transport owners and the missing NPA: who assured Sentuo to import BRVs?

    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

  • TECHNOLOGY

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Punitive domestic tariffs threaten African trade

    South Africa adds Ghana to E Visa list

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Govt defaults on paying pension contributions for public sector workers

    Punitive domestic tariffs threaten African trade

    Traders bare teeth at GRA; issue ultimatum to govt over tax compliance exercise

    Prices of petroleum products to rise marginally in October – IES

    Gross insurance premiums decline in H1; but industry outlook remains positive

    AGI advocates for innovative policies to support SMEs

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    The Geopolitical Forces Driving Today’s Oil Market

    IMF raises concerns over the energy transition price tag

    Prices of petroleum products to rise marginally in October – IES

    FBNBank Ghana launches Akye promotion

    AGI advocates for innovative policies to support SMEs

    Transport owners and the missing NPA: who assured Sentuo to import BRVs?

    BOST clarifies amount paid for iPhones bought for company executives

    Fuel prices to remain fairly stable at the pumps – COPEC

    Restructuring NIB’s balance sheet won’t fix solvency challenges – Banking consultant cautions

  • TECHNOLOGY

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Genius IT Foundation achieves STEM.org accreditation

    Pharmaceutical Society charged to utilize AI to transform industry

    Apple says iPhone and iPad apps will show up on the vision OS App Store from the get-go

    China launches $41 billion fund to accelerate semiconductor industry

    Digital marketing: Event managers urged to explore growth opportunities

    Govt. urged to commit more investments to enhance AI competencies

    Stakeholders in digital ecosystem charged to do more to protect child privacy

    Cyber hygiene key for public safety – Dr. Albert Antwi Boasiako

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Billion dollar opioid addiction market fuels Nigeria’s drug crisis

    Nigeria Aims for $5 Billion Tech Investment by 2027

    Punitive domestic tariffs threaten African trade

    South Africa adds Ghana to E Visa list

    Ofori-Atta commends G20 for AU’s inclusion, urges common voice

    Nine ventures announced for Africa Money and DeFi Summit investment showcase

    African Union to launch regional credit rating agency in 2024

    New study reveals alarming food access disparity affecting 650 million Africans

    Global food price index declines in August

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Inflation for July increases to 11.4%

byAnita Arthur Kissi-Mireku
August 13, 2020
in Local Economy, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

Data released by the Ghana Statistical Service, GSS, indicate that, the Consumer Price Index (CPI) for July 2020 has increased to 11.4 percent.

The increase represents a 0.2 percentage point relative to the 11.2 percent recorded in June 2020.

The Consumer Price Index measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption.

ADVERTISEMENT

A statement issued by the GSS indicates that, the 11.4 percent shows that increases in food prices continued to influence the rate of inflation.

Also, month-on-month inflation between June 2020 and July 2020 was however 0.5%. This is lower than the 1.0% recorded between May and June 2020.

It further noted that, only two of the 13 divisions had higher than average inflation rates. They were Housing, Water, Electricity and Gas (20.3%) and Food and Non-Alcoholic Beverages (13.7%).

The figures from the GSS further stated that the Food and Non-Alcoholic Beverages Division recorded a year-on-year inflation rate of 13.7%. This is however 0.1 percentage point lower than in June 2020 (13.8%) and 1.4 percentage points lower than May 2020 (15.1%).

However, year-on-year non-food inflation stood at 9.7%, which is higher than the 9.2% measured in June 2020.

Within the Food Division, Vegetables (28.2%) and Fruits and Nuts (13.0%) were the subclasses with the highest rates of inflation. Month-on-month inflation for Fruits and Nuts stood at 0% while Vegetables recorded a negative inflation of -1.5%.

Housing, Water, Electricity and Gas (20.3%) recorded the highest year-on-year inflation in the non-food category.

The Non-Food Subclasses with the lowest inflation were Life and Accident Insurance (-13.4%), Electricity (-35.5%) and Electric Appliances for Personal Care (-66.4%).

Also, the inflation of imported goods was 5.1%, while the inflation of local goods was 14.1% on average.
At the regional level, the Greater Accra recorded the highest year-on-year inflation of 16.2%, whilst the Volta region recorded 4.2 %.

Related Posts

Oil And Gas

The Geopolitical Forces Driving Today’s Oil Market

byBenjamin Aklama

The recent oil price rally has been driven, in large part, by Saudi Arabia's and Russia's efforts to cut supply...

Read more

IMF raises concerns over the energy transition price tag

Billion dollar opioid addiction market fuels Nigeria’s drug crisis

Govt defaults on paying pension contributions for public sector workers

Punitive domestic tariffs threaten African trade

Traders bare teeth at GRA; issue ultimatum to govt over tax compliance exercise

Prices of petroleum products to rise marginally in October – IES

Next Post

Fraud cases in banking sector increase by 5.5 percent in 2019--BoG report

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.