Inflation Drops to 9.6% in April 2018

The rate of inflation for April 2018 has dropped from the 10.4 per cent of March to 9.6 per cent, Acting Government Statistician, Baah Wadieh has announced.

At a press conference in Accra on Wednesday, 9 May, Mr. Wadieh said: “This means that the general price level went up by 0.9% between March 2018 and April 2018.”

He further indicated that the April 2018 rate of 9.6% is the lowest since January 2013.

Two groups, food and non-food components, accounted for the drop.

“The food inflation rate for April 2018 was 7.4%, compared with 7.3% recorded in March 2018.  The non-food inflation rate for April 2018 was 10.6% compared with 11.8% recorded in March 2018,” he explained.

Five regions, Upper West, Brong Ahafo, Western, Northern and Ashanti) recorded inflation rates higher than the national average of 9.6%.

The Upper West Region recorded the highest year-on-year inflation rate of 11.7%, followed by Brong Ahafo Region (10.7%), while the Upper East Region recorded the lowest year-on-year inflation (8.2%) in April 2018.

Beachfmonline.com|Ghana

Leave a Reply

Your email address will not be published. Required fields are marked *