Petroleum prices push Ghana’s inflation for February to 9.16%

Ghana’s inflation for the month of February 2011 is 9.16%, Dr Grace Bediako, the Government Statistician has announced in Accra today.

Dr. Bediako indicated that petroleum prices were among the non-food items that had the highest impact on inflation. Other non-food items that had high impact on inflation also included water.

Inflation for the month of January rose to 9.1% on petroleum price increases from a December rate of 8.58%.

The National Petroleum Authority (NPA) announced a 30% increase in petroleum prices, followed by an 18% increase in transport fares in the country.

By Emmanuel K. Dogbevi