The inflation rate for April is 9.5 per cent, up by 0.2 per cent from the 9.3 per cent recorded in March 2019, the Ghana Statistical Service (GSS) has announced.

The food and non-alcoholic beverages group recorded a year-on-year inflation rate of 7.3 per cent. This is 1.1 per cent lower than the rate recorded in March 2019.

Five subgroups of the food and non-alcoholic beverages group recorded inflation rates higher than the group’s average rate of 7.3 per cent.

The Non-food group recorded a year-on-year inflation rate of 10.4 per cent in April 2019, compared to 9.7% recorded for March 2019. Five subgroups recorded year-on-year inflation rates higher than the group’s average rate of 10.4 per cent.

Clothing and footwear recorded the highest inflation rate of 14.3 per cent, followed by recreation and culture, 14.1%; transport, 13.2%; furnishings, household equipment and routine maintenance, 12.8%; and the miscellaneous goods and services subgroup, 10.0%. Inflation was lowest in the health subsector, 5.9%.

At the regional level, the year-on-year inflation rate ranged from 8.0 per cent for the Upper East Region to 11.5 per cent for Upper West Region. Four regions (Upper West, Bono, Western and Ashanti) recorded inflation rates above the national average and the Northern and Eastern regions recorded the same inflation rate of 9.0 per cent.

Source: Classfmonline

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