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.

  • Comment

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 aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment