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GSS announces September inflation


By; Fred Yaw Sarpong- Daily Express

The Ghana Statistical Service (GSS) has pegged the annual year-on-year inflation rate for September 2016 17.2%.

According to Madam Philomena Nyarko, Government Statistician, inflation for September slightly increased by 0.2% and attributed this to hikes in the price of goods and services due to the upcoming general elections.

The year-on-year inflation rate for August 2016 was 16.9%. The food inflation rate for September was 9.0% whereas 8.5% was recorded in August. However, the non-food inflation rate was 21.6% compared with 21.5% recorded in August.  

 Meanwhile, Dr, Nyarko said the inflation rate for imported items was 18.7% in September 2016 compared with 17.3% recorded in the previous month. The GSS pegged locally produced items at 16.6% in September against 16.7% in August.

Within the Food group, seven sub-groups recorded inflation rates higher than the group’s average of 9.0%. They include mineral water, soft drinks, fruit; coffee, tea and cocoa; sugar, jam, honey and chocolate; meat and meat products; food products; oils and fats; and milk, cheese and eggs.

Within the Non-food group, six sub-groups recorded inflation rates higher than the group’s average of 21.6%. They are: education; housing, water, electricity and gas; recreation and culture; transport; clothing and footwear; and furniture, household equipments.

Regionally, Greater Accra Region recorded the highest combined inflation rate, the highest non-food inflation rate and the highest food inflation rate for September 2016. This is followed by Ashanti region; 18.1%, Brong Ahafo region; 17.1%, Western region; 15.6%, Northern region; 15.5%, Upper West region; 15.3%, Upper East region; 15.1%, Volta region; 14.9%, Eastern region; 14.7% and Central; region 13.8%.






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