14 December 2012

Ghana: Inflation Rate Increases to 9.3 Percent

The inflation rate has increased marginally in November, rising .1% from last month's figure to 9.3%

This means that overall, the prices of goods have been increasing at a slightly higher rate than they did at the same time last year.

Magnus Ebo Duncan, the Head of Economic Statistics with Ghana Statistical Services, explained that while the prices of most goods have been increasing, the prices of certain foodstuffs have recorded negative inflation rates, meaning that their prices are lower than they were at this time last year.

This was especially the case for seasonal vegetables, tomatoes, garden eggs, yams, and cassava. He said that these items are the main forces pushing down the inflation rate.

Copyright © 2012 Ghanaian Chronicle. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.