Tag: Consumer Price Index
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Inflation drops to 10.5%; lowest rate since April 2020
Ghana has recorded its lowest National year-on-year inflation rate since the country recorded its first Coronavirus case in March. The inflation rate for August which is 10.5 percent represents a 0.9 percentage point drop from the 11.4 percent recorded in July this year. The significant reduction was influenced by the lower inflation levels of food…
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Inflation drops for the second month running
Ghana’s inflation recorded for the month of January 2020, dropped to 7.8 percent, the second consecutive month a drop has occurred. According to the Ghana Statistical Service, the year-on-year average movement of prices of goods and services fell marginally from 7.9 percent in December 2019. Announcing the figures on Wednesday, February 12, 2020, Prof. Samuel…
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December inflation slows to beat govt’s 2019 end-year target
Inflation for the month of December 2019, declined to 7.9 percent beating the end-year target the Finance Minister announced in the mid-year budget. Mr. Ofori-Atta had set the government’s sights on achieving an end-year inflation rate of 8 percent. But inflation slowed from 8.2 percent in November 2019, to close the year within the government’s…
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September inflation declines to 7.6 percent
The average movement of prices of goods and services over a 12-month period measured as inflation declined to 7.6 percent, the Ghana Statistical Service (GSS) has said. The September inflation recorded a 0.2 percent decrease from the 7.8 percent recorded in August. The announcement by the statistical agency means that within the last 12 months,…
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July inflation rises to 9.4 percent
Inflation for the month of July rose to 9.4 percent, the Ghana Statistical Service has said. The figure recorded for July was an increase in the 9.1 percent recorded for the month of June. Inflation, measured as consumer price index, measures the change over time in the general price level of goods and services that…
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June inflation drops to 9.1 percent
The Consumer Price Index (CPI) for June 2019 has dropped to 9.1 percent. The drop represents a 0.3 percentage decrease relative to the 9.4 percent recorded in May 2019. 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.…
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Inflation rate for May declines to 9.4 percent
The inflation rate for May 2019 dropped marginally to 9.4 percent from the 9.5 percent recorded in April 2019. This represents a 0.1 percentage point decrease. According to the Ghana Statistical Service (GSS), the price drivers for last month’s rate were food and non-food items. In an interview with Citi Business News, the Deputy Government…
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April inflation rises marginally to 9.5 percent
Inflation recorded for April 2019 rose marginally to 9.5 percent year-on-year. April’s inflation is an increase over the March figure of 9.3 percent. Despite the slight increase, the year-on-year comparison indicates a drop in the inflation rate from the 9.6 percent recorded in April 2018 to 9.5 percent in April 2019. Presenting the figures to…