Ghana inflation inches up to 11.7% in November

The year-on-year inflation rate inched up to11.7 per cent in November from the 11.6 per cent recorded in October 2017.

Mr Baah Wadieh, Acting Government Statistician, attributed the rise to an increase in the rates of inflation for the Housing, Water, Electricity, Gas and other Fuels group, Clothing and Footwear group, and furnishings, among others.

The Food and non-alcoholic beverages group recorded a year-on-year inflation rate of 7.9 per cent, which is 0.3 percentage point lower than the 8.2 per cent recorded in October. 

Two sub-groups of the food and non-alcoholic beverages group, however, recorded an inflation rate higher than the group’s average rate of 7.9 per cent. The sub-groups were Vegetables 9 per cent and   Fish and Sea food 8.8 per cent.

The non-food group recorded a year-on-year inflation rate of 13.6 per cent in November 2017, compared with the 13.2 per cent recorded in October. 

Five subgroups of the non-food group recorded year-on-year inflation rates higher than the group’s average rate of 13.6 per cent. 

Transport recorded the highest rate of 18.6 per cent followed by Clothing and Footwear 18.3 per cent, Recreation and Culture 17.1 per cent, Furnishing, Household Equipment and Routine maintenance 15.2 per cent and Miscellaneous Goods and Services 14.0 per cent. 

At the regional level, the year-on-year inflation rate ranged from 10.0 per cent in the Upper East Region to 12.7 per cent in the Greater Accra region.

Four regions, Greater Accra, Upper West, Brong Ahafo, and Ashanti, recorded inflation rates above the national average of 11.7 per cent. 

Upper East region recorded the lowest inflation rate of 10 per cent.

Source: GNA