The
year-on-year inflation rate stood at 19.0 percent in January 2016, up by 1.3
percentage points from the 17.7 percent recorded in December 2015.
This
rate of inflation for January 2016 is the percentage change in the Consumer
Price Index (CPI) over the twelve-month period, from January 2015 to January
2016.
The
monthly change rate for January 2016 was 4.6 percent compared to the 1.1
percent recorded for December 2015. Mr. Baah Wadieh, the Deputy Government
Statistician announced this at a news conference in Accra on Wednesday.
The
food and non-alcoholic beverages group recorded a year-on-year inflation rate
of 8.2 percent. This is 0.2 percentage point higher than the 8.0 percent
recorded for December 2015.
About
six subgroups of the food and non-alcoholic beverages group recorded inflation
rates higher than the group’s average rate of 8.2 percent. These are Coffee,
tea and cocoa (11.4%), Mineral water, soft drinks, fruit and vegetable juices
(11.3%), Sugar, jam, honey chocolate and confectionery (10.5%), other food
products (10.5%) and vegetables (9.5%).
The
non-food group recorded a year-on-year inflation rate of 25.5 percent in
January 2016, compared with the 23.3 percent recorded in December 2015.
Meanwhile,
two subgroups of the non-food group recorded year-on-year inflation rates
higher than the group’s average of 25.5 percent. Housing, water, electricity,
gas and other fuels recorded the highest inflation rate of 45.5 percent and
followed by Transport with 30.8 percent. Inflation was lowest in the
Communication subgroup (13.5%).
At
the regional level, the year-on-year inflation rate ranged from 14.1 percent in
the Upper East region to 23.1 percent in the Greater Accra region. Two regions
(Ashanti-19.9 percent and Greater Accra- 23.1 percent) recorded inflation rates
above the national average of 19.0 percent.
The
rest are Central 15.2 percent, Volta 15.7 percent, Eastern 16.8 percent, Upper
West 16.9 percent, Western 17.2 percent, Northern 18.6 percent and Brong Ahafo
19.0 percent.
Comments
Post a Comment