|
Inflation
continues to slide
Accra, Oct. 10, Ghanadot/GNA - The annual rate of inflation
fell marginally in September at 17.89 per cent, the third
consecutive drop since the beginning of the year.
Dr Grace Bediako, Government Statistician, attributed the
fall to good harvest and falling prices of food items,
mostly in the rural areas.
The level of inflation in non-food items was 18.53 per cent,
and 17.00 per cent for food items.
The contribution of the non-food and food groups in
September stood at 10.21 and 7.68 percentage points
respectively.
In the non-food group the contributions of hotels, cafés and
restaurants; clothing and footwear; and housing, utilities
sub-groups were highest in price change.
Fish, bread and cereals sub-groups continue to contribute
the largest to price change in the food group.
However, rural inflation (21.18%) was significantly higher
than urban inflation (14.78 %).
Greater Accra and Ashanti regions continue to exhibit
relatively lower inflation rates.
“Going by the trend these are generally periods that
inflation goes down. The changes we are seeing are marginal
now because of the global price rises,” Dr Bediako said.
“Barring any upward election spending and global price
hikes, inflation can be contained and likely end the year
around 18 per cent,” she added.
GNA
|
