Inflation falls to 18.7 per cent in April

Inflation falls to 18.7 per cent in April

The year-on-year inflation rate fell to 18.7 per cent in April compared to 19.2 per cent in March as inflation in the non-food group slowed, the GNA reported on Wednesday, citing the deputy government statistician, Baah Wadieh.

The monthly change rate for April was 1.4 per cent compared to the 1.7 per cent recorded in March 2016, the report said.

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Non-food group recorded a year-on-year inflation rate of 24.8 per cent in April down from 25.7 in March, while four subgroups of the non-food group recorded year-on-year inflation rates higher than the group’s average of 24.8 per cent, the report added.

Transport is said to have recorded the highest inflation rate of 40.4 per cent, followed by housing, water, electricity, gas and other fuels with 35.8 per cent, education with 30.9 per cent and recreation and culture with 28.1 per cent.

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The communication subgroup reportedly recorded the lowest inflation with 12.9 per cent.

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