April inflation drops to 9.6%
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The rate of inflation for April has dropped from the 10.4 per cent of March to 9.6 per cent, Acting Government Statistician, Baah Wadieh has announced.
At a press conference in Accra on Wednesday, 9 May, Mr Wadieh said: “This means that the general price level went up by 0.9% between March 2018 and April 2018.”
He further indicated that the April 2018 rate of 9.6% is the lowest since January 2013.
Two groups, the Food and Non-food components, accounted for the drop, he said.
“The food inflation rate for April 2018 was 7.4%, compared with 7.3% recorded in March 2018. The non-food inflation rate for April 2018 was 10.6% compared with 11.8% recorded in March 2018”, he explained.
Five regions (Upper West, Brong Ahafo, Western, Northern and Ashanti) recorded inflation rates higher than the national average of 9.6%.
The Upper West Region recorded the highest year-on-year inflation rate of 11.7%, followed by Brong Ahafo Region (10.7%), while the Upper East Region recorded the lowest year-on-year inflation (8.2%) in April 2018.
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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.
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