BUSINESS NEWS
Inflation rate for August increase to 9.7%
The year-on-year inflation rate for August 2021 stood at 9.7 per cent compared to 9.0 per cent in July, the Government Statistician, Professor Samuel Kobina Annim, said on Wednesday.
The month-on-month inflation between July, 2021 and August, 2021 was 0.3 per cent
Speaking at a press briefing in Accra, Prof Annim said food and non-alcoholic beverages were the dominant drivers for the higher rate of inflation in August 2021
He said food contributed more than half to overall inflation when combined with housing more than two-thirds, and further including transport more than four-fifths.
Mr. Annim said the year-on-year variation between food inflation of 10.9 per cent and non-food inflation of 8.7 per cent was 2.2 per cent.
The month-on-Month food inflation for the month was less than non-food inflation by 0.1-percentage point.
He said inflation for locally produced items continued to dominate imported items but imported items show a marginal higher increase.
Inflation for locally produced items was 10.3 per cent while inflation for imported items was at 8.1 per cent.
However, inflation rates for the Northern, Upper East and Upper West regions continue to soar.
Source: business24.com.gh
-
Lifestyle4 weeks ago
Road Safety Authority narrates how buttocks causes road accident
-
GENERAL NEWS1 month ago
Why 15 police officers stormed Owusu Bempah’s church – Kumchacha narrates
-
GENERAL NEWS4 weeks ago
Watch how Ibrahim Mahama rode Honda superbike to pay last respects to late friend
-
GENERAL NEWS1 month ago
How Offinso residents storm destooled queen mother’s house, demand for new chief
-
South Africa News1 month ago
Woman thrown out of a speeding taxi while on her way to work
-
GENERAL NEWS2 weeks ago
Deadly clash between youth and navy personnel results in two deaths at Tema Manhean
-
SHOWBIZ KONKONSAH2 weeks ago
Junior Pope’s Death: Video of John Dumelo refusing to join canoe for movie shoot over safety concerns resurfaces
-
News Africa2 months ago
‘Satanically dubious’ – SCOAN releases statement on BBC’s report about TB Joshua, church