November inflation inches up by 1%

By: Fred Yaw SARPONG
fsarpong@theeventpr.com

The Ghana Statistical Service (GSS) has announced that the year-on-year inflation
for November, 2017 inched by one percentage point to record 11.7% rate of inflation.
This means that the change in the general price level was 11.7% over the one year period, from November 2016 to November
2017. In the month on October, 2017, year-on-year inflation was 11.6%.
The non-food inflation rate for November 2017 was the main driver which pushed the November, inflation up. The non-food inflation was 13.6% as against 13.2% recorded in October 2017.
The sub-groups that contributed to the rate were transport, clothing and footwear, recreation and culture, furnishings, household equipment and miscellaneous goods and services.
These sectors recorded inflation higherthan the average non-food inflation rate of 13.6%. Meanwhile, the food inflation rate for November 2017 was 7.9%, compared to 8.2% recorded in October 2017.
Within the Food group, two sub-groups recorded inflation rates higher than the group’s average of 7.9%. They were vegetables and fish and sea food.
Greater Accra region recorded the highest combined inflation rate 12.7%. Upper West region recorded the highest non-food inflation rate of 15.6% while the Greater
Accra region again recorded the highest food inflation rate 8.8% in November 2017.
This was announced in Accra yesterday by the Acting Government Statistician, Mr. Baah Wadieh

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