Tag: Consumer inflation
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Economist charges gov’t to boost domestic production of food to check rising inflation rate
As food inflation continues to impact strongly on national inflation, Economist, Dr. Patrick Asuming is urging Government to introduce more policies and programs to boost domestic production as part of efforts to check the rising inflation rate in the country. National inflation has accelerated to hit 19.4% in March 2022, the highest since 2009. The…
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Rising cost of food increases June inflation marginally
The continuous rise in the prices of food continues to dominate Ghana’s Consumer Price Index, CPI, pushing up inflation for June marginally. June 2020 recorded a CPI of 119.8 relative to 118.6 in May 2020. The year-on-year stands at 11.2 percent for 2020, from the 11.3 percent recorded in June 2019. Inflation measures the average…
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Inflation needs to go lower than the current 7.9 percent – Dr. Ebo Turkson
Economist, Dr. Ebo Turkson, has downplayed fears of higher than normal inflation rates this year, as the country prepares for a major election at the end of 2020. According to him, the Central Bank is well placed to introduce the needed measures to keep inflation within the target band of 8 plus or minus 2…
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Transportation & housing cost will continue to make Accra most expensive city – Economist
The cost of transporting foodstuff coupled with the high cost of housing in the capital Accra among other factors, have been blamed for making the city the most expensive in Ghana. An analysis of the Ghana Statistical Service’s data on inflation for 2019 shows that Greater Accra was the most expensive region for consumers over…
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Inflation inches up for the second consecutive month
Inflation has continued its upward trajectory for the second month running, rising to 8.2 percent in November, the Ghana Statistical Service has said. The increase recorded last month, represents a 0.5 percentage points increase in the October 2019 inflation of 7.7 percent. The Statistical Service three months ago, using a new series, announced inflation had…