Tag: CPI
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Ghana’s inflation for January 2023 drops marginally to hit 53.6%
The year-on-year inflation rate for January 2023 has dropped marginally to 53.6%, from the 54.1% recorded in December 2022. This is according to latest data from the Ghana Statistical Service. This is the first time in the last 19 months that there has been a reversal of the rate of increase for the year-on-year inflation.…
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Ghana’s inflation hits 50.3% for November
Continuous increases in prices of housing, electricity and fuel have pushed Ghana’s inflation rate to hit 50.3% for the month of November 2022. November’s inflation rate is a significant increase from the 40.4% recorded for October 2022. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service (GSS) on…
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Continuous increase in food, transport prices push April inflation to 23.6%
The continuous increase in food and transport prices across the country has pushed the national year-on-year inflation for April 2022 to 23.6 percent. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service. The rate is 4.2 percentage points higher than the 19.4% recorded in March 2022. The rise…
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Economist predicts further hikes in inflation rate
Economist, Dr. Patrick Asuming, is forecasting higher inflation rates in the country in the coming months before it takes a downward turn. According to him, this is due to current market developments. National inflation has hit 19.4% in March 2022, the highest since 2009. The rate is 3.7 percentage points higher than the 15.7 percent…
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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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Hike in prices of food, transport and housing push inflation for March 2022 to 19.4%
Significant increases in the prices associated with food, transport and housing have pushed the national year-on-year inflation for March 2022 to 19.4 percent. This is according to the latest data from the Ghana Statistical Service. The rate is a 3.7 percentage points higher than the 15.7 percent recorded in February 2022. The rise in the…
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Rent and Transport associated prices push inflation to almost 14%
A significant increase in prices associated with Housing, Water, Electricity, Gas and other Fuel (28.7%), as well as Transport (17.4%), has pushed the rate of inflation for January 2022 to 13.9 percent. This is captured in the Consumer Price Index (CPI) data for January 2022, released by the Ghana Statistical Service. The rate is 1.3…
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Price of goods and services up by almost 10%
Latest data released by the Ghana Statistical Service, GSS, indicates that on a year-on-year basis (January 2020 to January 2021), the average price of goods and services across the country increased by 9.9 percent. The rise in the inflation rate for January 2021, is however lower than the rate recorded for December 2020 by 0.5…
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Inflation for December 2020 rises to 10.4%; still within revised target
Latest data released by the Ghana Statistical Service, GSS, indicates that the Consumer Price Index (CPI) for December 2020 has increased to 10.4 percent. The December inflation figure is 0.6 percentage points higher than the 9.8% percent recorded in November 2020. The Consumer Price Inflation (CPI) measures the change over time in the general price…
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Inflation drops to 9.8%; lowest rate since outbreak of COVID-19
Ghana has for the first time since the outbreak of the novel Coronavirus pandemic in the country recorded a drop in inflation below 10%. The year-on-year inflation rate for November which is 9.8% percent, is lower than the revised inflation target of about 11 percent announced in the 2020 mid-year budget statement. The figure also…