Inflation for June drops to 12.1 percent

Inflation for June drops to 12.1 percent

- Inflation for June has fallen to 12.1 percent

- The drop has been praised to be the lowest inflation rate since 2013

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Ghana’s economy is believed to be expressing a massive development boost following the various fiscal policies government continues to churn out.

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This was revealed in the inflation rate for June which proved that the rate of inflation had fell from 12.6 percent to 12.1 – a positive reduction since the year 2013.

“The main price drivers for the down food inflation rate were transport 23.1%, recreation and culture;20.8%, furnishing household equipment & routine maintenance;20.6% , clothing& footwear;16.6% , Miscellaneous goods and services;15.4% and health;14.3%,” the acting government statistician, Baah Wadie revealed.

Five regions, Upper West, Greater Accra Bono Ahafo Ashanti and Western Regions recorded inflation rates higher than the national average of 12.1 percent. The Upper east Region recorded the lowest rate of 8.6 percent.

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