Inflation rate for June drops to 9.1%



Share this storyShare on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin

Inflation rate for June 2019 recorded a marginal reduction to 9.1 percent down by 0.3 percentage point from the 9.4 percent recorded in May 2019.

The monthly change rate for June 2019 was 0.8 percent compared with the 0.9 recorded for May 2019.

The Deputy Government Statistician, Mrs. Araba Forson, explained to the media in Accra on July 10, 2019, that the rate recorded was highly influenced by the declining rate of food inflation in the measuring basket.

Mrs. Forson attributed the fall in food and non-alcoholic beverages to the fall in the inflation rate recorded by vegetables, other leafy vegetables and staples sub-group recorded the highest fall in -0.8 percent followed by fish and seafood -0.5, and cereals and cereal products -0.4 percent.

She added that the Year-on-year non-food inflation, on the other hand, fell to (10.3 percent) in June 2019, compared to the (10.6 percent) recorded in May 2019.

However, clothing and footwear recorded the highest inflation rate of (. percent) followed by recreation and culture (15.0 percent), furnishings, household equipment and routine maintenance with (14.6 percent) and miscellaneous goods and service 15.1 percent.

According to her, at the regional level, she stated the upper west region recorded the highest regional combined inflation rate 11.1 percent in June and within the region were recorded for transport 19.1 percent.

“The upper west region recorded the highest regional combined inflation rate (11.1%) in June 2019, the highest inflation rates within the region were recorded for transport (19.1%); miscellaneous Goods and service (15.1%), furnishings and household equipment and routine maintenance (13.5%) and clothing and footwear (12.6%) sub-sectors”.

“Again the upper west region recorded the highest regional non-food inflation rate (13.8%)”.

The acting Deputy Government Statistician said the Ashanti region recorded the highest food inflation rate of 7.0 percent in June 2019 that contain coffee tea, tea and cocoa subgroup recorded the highest inflation rate of (19.2%).”