August Inflation drops to 17.3%


Inflation for the month of August has dropped to 17.3 percent from a previous rate of 17.9 percent recorded in July.

The Ashanti region recorded the highest inflation while the Northern region recorded the lowest.

Ashanti, Greater Accra and Central regions recorded rates higher than the national average of 17.3 percent.

The Upper West Region recorded the same inflation rate as the national average.

Government Statistician Philomena Nyarko speaking at a press conference said price drivers for the non-food inflation rate were Recreation and culture (25.8%), Education (25.6%), Transport (25.3%), Clothing and Footwear (25.1%), Furnishings, household equipment and routine maintenance (24.9%) and Housing, water, electricity, gas and other fuels (23.5%).

Meanwhile, the price drivers for the food inflation rate were mineral water, soft drinks, fruit and vegetable juices (13.5%), Coffee, tea and cocoa (12.9%), Sugar, jam, honey, chocolate and confectionery (11.7%), Food products (11.4%), Meat and meat products (11.2%), Vegetables (10.9%) and Milk, cheese and eggs (10.0%).

Source: Starrfmonline

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