Skip to main content

Inflation goes up marginally to 13.2%



By; Fred Yaw Sarpong

    The year-on-year inflation rate for November 2013 increased marginally 13.2% from the inflation rate for October 2013, which was 13.1%, according to the Ghana Statistical Service (GSS). This represents an increase of 0.1 percentage point between October and November 2013
    This means that the change in the general price level was 13.2% over the one year period, from November 2012 to November 2013.
    The monthly change rate for November 2013 was 0.8% compared to the monthly rate recorded for October 2013, which was -2.3%
This, according to GSS means that the change in the general price level went up by 0.8% between October 2013 and November 2013.
    Mr. Baah Wadieh, acting Deputy Government Statistician announced this at a news conference in Accra on Wednesday 12 November, 2013.
    According to Mr. Wadieh the food inflation rate for November 2013 was 7.3% compared with 6.9% recorded in October 2013. However, the non-food inflation rate for November 2013 was 17.6%, compared with 17.7% recorded for October 2013.
   The food inflation rate of 7.3% was about two and a half times lower than the non-food inflation rate of 17.6%. Within the food group, three sub-groups recorded inflation rates higher than the group average of 7.3%. These are fish and seafood; mineral waters, soft drinks; and cereals and products.
    Within the Non-food group, four sub-groups recorded inflation rates higher than the group average rate of 17.6%. These include housing, water, electricity, gas and other fuels; transport; miscellaneous good and services; and clothing and footwear.
    Housing and Utility group recorded the highest main group’s inflation rate (34.1%) in November 2013. It recorded 0.7 percentage point between October and November 2013
    Communication group on the other hand recorded the highest change of 1.8 percentage points in the main group’s inflation rate between October (2.5%) and November (4.3%) 2013.
    Greater Accra region recorded the highest inflation rate of 14.9% in November 2013 while Upper East recorded lowest with 6.0%. The rest are Western 14.5%, Eastern 13.5%, Ashanti 13.3%, Central 12.7%, Northern 12.5%, Volta 12.1%, Brong Ahafo 11.1%, and Upper West had 6.4%.

Comments

Popular posts from this blog

Shortage of weighing cards hit major hospitals in Accra

By: Fred Yaw Sarpong- Daily Express There is scarcity of Child Health Records Book (weighing cards), in some major public hospitals in the capital, information reaching the Daily Express indicates. Checks by this paper revealed that while some of the hospitals have being encountering the shortage for about a year now, others started experiencing it six months ago. In place of the Child Health Record Book (weighing card), the nursing mothers are given a single card on which information of children are recorded on it. Those hospitals identified are the Korle Bu Teaching Hospital, Korle Bu Polyclinic, Kaneshie Polyclinic, Adabraka Polyclinic and the Ridge Hospital. At the Korle Bu Teaching Hospital, the nursing mothers are given yellow cards in place of the weighing cards. The Public Relations Secretariat at the Korle Bu Teaching Hospital said such information has not come to their notice and for that matter they cannot comment on it. “We do not have some

90 African Journalists entertain by Disney Africa

By: Fred Yaw Sarpong- Daily Express Mauritius Disney Africa welcomed 90 journalists from across Africa to their first ever showcase to media from the continent, at this year’s Multichoice Africa Content Showcase Extravaganza. On Thursday 3 September, guests received a Disney Movie ticket which gained them entry to the special outdoor screening, set under the stars on the lawns of the idyllic Outrigger Beach Resort in Mauritius . After receiving their own Disney picnic basket and blankets, full of delicious treats and filling food, the guests made their way to the seating area, replete with comfortable chairs and loungers. Once the Disney fans were settled, the vast outdoor screen lit up and the evening’s festivities were well under way. A welcome speech by Deirdre King, Head of Marketing for the Walt Disney Company Africa, preceded the screening of two animated shorts. The first, the Academy Award-nominated Get a Horse, featured Disney favourites like Mickey, Minni

ABL launches chibuku super in Bolgatanga

By: Fred Yaw Sarpong sarpong007@gmail.com Accra Brewery Limited (ABL) has officially launched the Chibuku Super drink at Bolgatanga in the Upper East region with the aim of reaching a lot of customers. Mr. Thomas Nii Ponku, Supervisor in charge of Chibuku Super at ABL told Daily Express that the management decided to launch the Chibuku Super drink in the Upper East region because they’ve realized it is similar to a traditional drink in the region. “Chibuku is like a well developed pito, a traditional drink made from fermented millet or sorghum in the Northern part of Ghana. So the idea is to provide them with similar drink,” he added. Mr. Nii Ponku disclosed this when members of the Institute of Finance and Economic Journalists (IFEJ) toured the facility of ABL to acquaint themselves with the expansion project at the factory. He mentioned that after a feasibility study, they realized there is a potential market for the product in the northern part of Ghana