Tag: Inflation
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Food, fuel prices push inflation rate to 15.7% in February 2022
Ghana’s inflation rate has once again risen to hit 15.7 percent in February 2022. This represents a 1.8 percent jump in the inflation rate compared to the 13.9 percent recorded in the first month of this year. The current rate is the highest recorded since the rebasing of the CPI and inflation in August 2019.…
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Increase support for Agric sector to curb inflation – Prof. Quartey to Gov’t
Head of the Economics Division at the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey has urged the government to consider identifying and supporting large scale farmers around the country, who would, in turn, support smaller farmers around them as a way to ensure sustained growth of Ghana’s…
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Gov’t urged to introduce policies to cushion Ghanaians as fares go up on Feb. 26
Head of the Economics Division at the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey says stakeholders should expect the upcoming 15% increase in transport fares as announced by the Road Transport Operators, to increase national inflation in the coming months. The new fares, which are expected to…
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Inflation for September 2021 jumps to 10.6%; highest figure since August 2020
Data from the Ghana statistical service has revealed that the year-on-year Inflation rate for the month of September 2021 has jumped to 10.6 percent from the 9.7 percent recorded in August. According to the Ghana Statistical Service, the figure recorded as inflation for September is the highest since post-COVID-19 which dates back to August 2020.…
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Food prices push August inflation rate to 9.7%
The continuous rise in the prices of food items continues to dominate overall inflation in Ghana. Data from the Ghana Statistical Service indicates that the year-on-year inflation rate for August 2021 stood at 9.7. Food inflation in the month of August stood at 10. 9 relative to nonfood inflation of 8.7 which indicates a differential…
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Surge in food prices pushes year-on-year inflation rate to 9% in July
Significant increases in food prices across the country have pushed year-on-year inflation for July 2021 to 9%. This is the highest rate of inflation recorded since March of this year when the inflation rate stood at 10.3 percent. This was captured in the Consumer Price Index (CPI) data released by the Ghana Statistical Service. The…
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Inflation rises for first time since February 2021; now at 7.8%
Ghana’s national year-on-year inflation rate has once again taken an upward turn, albeit marginally, after two months of consecutive drops, to hit 7.8 percent in June 2021. This increase is 0.3 percentage points higher than the 7.5 percent recorded in May this year. Inflation is often referred to as a “measure of the increase in…
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Inflation rate drops further to 7.5% in May; lowest in over a year
Ghana has, for the second consecutive time this year, recorded the lowest year-on-year inflation rate. The inflation rate recorded for the month of May 2021 was 7.5 percent, which is one percentage point lower than the 8.5 percent recorded in April this year. The figure falls within the government’s medium-term inflation target of 8.0±2 percent…
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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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PPI for November 2020 increased slightly to 8.8% – Statistical Service
New figures released by the Ghana Statistical Service (GSS), indicate that the Producer Price Inflation rate for November 2020 was 8.8 percent. This rate indicates that between November 2019 and November 2020 (year-on-year), the PPI increased by 8.8 percent. It also represents a 0.4 percentage point increase in producer inflation relative to the rate recorded…