The rate of inflation recorded between February 2019 and February 2020 stays at 7.8 percent, the same figure recorded in January.
This according to the Ghana Statistical services is as a result of the continuous performance of food and non-alcoholic beverages group which has been the main driving factor for the inflation.
This means the prices of food as well as general goods and services between the periods recorded little or no price change.
The result indicates that the Greater Accra region continues to record the highest rate of inflation on a monthly basis as compared to the Upper West region with the least rate of inflation at 5 percent.
The Deputy Statistician, David Kombat announcing the rate to Journalists in Accra said, “Food and nonalcoholic beverages remains the main drivers of inflation. The contribution of Housing (including water, electricity, gas, etc.) went down from 10.2% to 8.5%.
“The Food Division is the largest contributor to month-on-month inflation, but less so than in January. Clothing and footwear is the second largest contributor this month.”
Monthly change in the rate of inflation between February 2020 and January 2020 was 0.4%, Food inflation was 7.7% and Non-food Inflation 7.9%.
The differential inflation rate between locally produced items (8.9%) and imported items (5.9%) was 2.9 percentage points. For the last 4 months inflation for locally produced goods has been growing faster than inflation for imported goods.
