Accra, Aug. 14, GNA
- The year-on-year inflation rate inched up in July 2019 to 9.4 per cent
compared to 9.1 per cent in June, the Ghana Statistical Service said on
Mr David Yenukwa
Kombat, the Deputy Government Statistician, said the slight increase in the
rate could be attributed to the rise in the non-food inflation rate.
inflation rate for July 2019 was 10.7 per cent compared with 10.3 per cent
recorded in June, while the food inflation rate stood at 6.6 per cent compared
with 6.5 per cent in June.
non-food inflation rate of 10.7 per cent is 4.1 percentage points higher than
the food inflation rate of 6.6 per cent.
The inflation rate
for imported items stood at 11.3 per cent in July, up from 11.2 per cent. That
for locally produced items was down to 8.2 per cent in July compared to 8.6 per
cent in June.
The main “price
drivers” for the non-food inflation rate were Clothing and footwear with 14.9
per cent, Recreation and Culture 14.8 per cent, Furnishing, Household Equipment
and Routine Maintenance 14.6 per cent and miscellaneous goods and services 11.2
The “price drivers”
for the food inflation rate were Coffee, Tea and Cocoa 17.5 per cent, Fruits
11.0 per cent, Meat and meat products 8.6 per cent, Vegetables including other
leafy vegetables 8.4 per cent, Sugar, jam, honey and other confectionaries 7.0
per cent and Mineral water, soft drinks, fruit and vegetable juices 6.9 per
Five Regions, Upper
West, Brong Ahafo, Western, Volta and Ashanti, recorded inflation rates above
the national average of 9.4 percent.
Upper West Region
recorded the highest year-on-year inflation rate of 11.1 per cent, followed by
Brong Ahafo Region 10.8 per cent, while the Upper East Region recorded the
lowest year-on-year inflation rate 8.5 per cent in July 2019.