The rate of Inflation as measured by Consumer Price Index (CPI) for August 2013 stands at 11.5 %, down from 11.8 % in July 2013 while the monthly change rate for August 2013 was -0.7 % as against 1.3 % in July 2013.
The rate of inflation for August 2013 is the percentage change in the CPI over twelve-month period from August 2012 to August 2013.
Deputy Government Statistician, Mr Baah Wadieh, made these known at a news conference in Accra, yesterday.
On inflation for the Food and non-alcoholic beverage group, he said the group recorded an average year-on-year inflation rate of 7.9 %, 0.6% points higher than the 7.3 % recorded in July while three sub-groups of the food and non-alcoholic beverages recorded inflation rates above the group's average 7.9 %.
He said, the non-food group recorded a year-on-year inflation rate of 14.2 % in August 2013 compared to 15.4 % recorded in July 2013, adding that five sub-groups recorded year-on-year inflation rate above the group's average rate.
He said, Miscellaneous goods and services recorded the highest rate of 17.2%, followed by clothing and footwear which stood at 16.7%, with Transport standing at 16.6% and furnishing, household equipment and routine maintenance standing at 16.5%.
Housing, water, electricity and other utilities, Mr Wadieh indicated, stood at 15.9%, while inflation was lowest in the communications subgroup at a rate of 1.5%.
At the regional level, he said, the year-on-year inflation rate ranged from 3.4% in the Upper East region to 15.1% in the Western region, with three regions, Western, Ashanti and Eastern regions recording inflation rates above the national average of 11.5 %.
Source: ISD (G.D. Zaney and Isaac Parbey)