Tag: CPI
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Inflation rate for March remains at 7.8 percent
New figures released by the Ghana Statistical Service, GSS, show that inflation rate for March 2020 remained unchanged at 7.8 percent. By this, the rate at which prices of goods and services change over a period of time was the same for the February figure of 7.8 percent. Also, this means that, in the month…
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February inflation rate remains unchanged at 7.8 percent
The inflation rate of all goods and services remained unchanged at 7.8 percent for February 2020. This is in spite of the fact that general prices of food and non-alcoholic beverages witnessed a marginal rise in the month of February compared to January 2020. The Ghana Statistical Service cited food items such as vegetables, fruits…
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Inflation for August 2019 records 7.8% after rebasing
The inflation rate for August 2019 recorded 7.8 percent, the Ghana Statistical Service (GSS) has announced. The figure was recorded after the GSS rebased the reference period to 2018 from 2012. This means that the Ghana Statistical Service has changed the reference period for calculating the inflation rate to 2018 from the previous 2012. In…
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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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133 new items added to inflation basket
The Ghana Statistical Service has announced the rebasing of the calculation of the Consumer Price Inflation effective July this year. This means that the reference year for calculating the change in the prices of goods and services at any particular point, has moved from 2012 to 2017. According to the Ghana Statistical Service, the move…
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Inflation increases to 10.6% in February
The inflation for February 2018 reached 10.6 percent. This represents a 0.3 percent rise in the inflation rate compared to the January 2018 inflation of 10.3 percent. Inflation measures the average change over time in the general prices of goods and services purchased by consumers within a particular period of time. The Acting Government Statistician,…
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Inflation drops again to 11.6%
The Consumer Price Inflation (CPI) has dropped again to 11.6 percent in October 2017. The figure went down by 0.9 percent from the 12.2 percent recorded in September 2017. This is the seventh time that inflation has dropped this year with some marginal increases between the ten month period [January to October 2017]. The CPI…
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Inflation hits 12.3% in August
Ghana’s inflation reached 12.3 percent in August 2017. This represents a negative 0.2 percent change in the inflation rate between July and August 2017. The inflation for July 2017 stood at 11.9 percent. Inflation measures the average rise in the prices of all consumer goods and services in the country. The inflation rate for August…
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Inflation drops to 15.5% in November
Ghana’s inflation for November 2016 reached 15.5 percent. This represents a 0.3 percent down from the 15.8 percent recorded in October this year. According to the Ghana Statistical Service, the monthly change rate in inflation for November also declined from 1.4 to 0.8 percent between October and November this year. The figure is also the…
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Inflation hits 17.2 percent in September
Inflation for September 2016 went up to 17.2 percent. This represents a 0.3 percent increase compared to the 16.9 percent recorded in August this year. The monthly change rate between August and September was 0.2 percent; down from the negative 0.6 percent recorded in August 2016. Figures released by the Ghana Statistical Service (GSS) also…