Latest report shows inflations has inched up to 9.5 percent

Latest report shows inflations has inched up to 9.5 percent

- Inflation for April 2019 has been recorded at 9.5%

- This is an increase of 0.2% from the March 2019 figure of 9.3%

Inflation rate for April 2019 has experienced an increase as compared to the March 2019 edition, YEN.com.gh has learnt.

Inflation for April 2019 was recorded to be 9.5%; an increase from 9.3% in March 2019.

YEN.com.gh understands that the increase is as a result of increase in the rate for the non-food sub-sector.

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The deputy government statistician, David Kombat, explained that the non-food group recorded a year on year inflation rate of 10.4% in April 2019, compared to 9.7% recorded in March of the same year.

Per a report by Myjoyonline.com, he stated "five subgroups recorded year on year inflation rates higher than the group's average of 10.4%.

Clothing and footwear recorded the highest inflation rate of 14.3%, followed by recreation and culture at 14.1% and transport at 13.2%. However, inflation in the health sector recorded the lowest rate of 5.9%.”

At the regional level, the year on year rate ranged from 8% for the Upper East region to 11.5% for Upper West Region.

The monthly rate for the overall inflation was 1.1%, compared with the 1.2% recorded for March 2019.

The food group had 7.3%, a reduction of 1.1% from the figure recorded for March 2019.

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Source: Yen News

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