Inflation rate hits 14.7% in April

Inflation rate continues to rise as the month of April saw inflation increase further to 14.7 percent. This represents a 0.2 percent increase from that of March.

Although marginal, it is the highest recorded since April 2010.

The Statistical Service is attributing the soaring rate to housing, water, electricity, fuel as well as transport.

Baah Wadie, Deputy Government Statistician, said “For the food inflation we realized that it was fairly stable between March and April, 2013. It was around 6.67percent.

“Then it started an ascendency from about June 2013 to about September 2013, from 7.3 to 8.9 percent. It then dipped to 6.9 percent and then fairly stable between November 2013 and January 2014”.

The Ashanti Region recorded the highest regional year-on-year inflation rate of 17.4 percent and the Upper West Region recording the lowest in the month of April. Average prices of goods and services in the Greater Accra region went up by 14.7 percent.

-joybusiness

POST TAGS

ABOUT: Nana Kwesi Coomson

[email protected]

An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

View all posts by: Nana Kwesi Coomson