Baah Wadieh, Government Statistician, who disclosed this Wednesday at a press conference in Accra, said the monthly change rate in December 2017 was 1.0% compared to 0.9% recorded in December 2017.
The year-on-year non-food inflation rate for December 2017, he said, was 13.6% same as the rate recorded in November 2017 while the year-on-year food inflation rate for December 2017 stood at 8.0% compared with 7.9% recorded in November 2017.
The year-on-year non-food inflation rate (13.6%) is more than one and half times that of the food inflation rate (8.0%).
The year-on-year inflation rate for imported items (13.6%) was 2.5 percentage points higher than that of locally produced items (11.1%).
According to him, the main “price drivers” for the non-food inflation rate were Clothing and footwear (18.8%), Transport (18.7%), Recreation and Culture (17.5%) and Furnishing, Household Equipment and Routine Maintenance (15.2%) while the “price drivers” for the food inflation rate were Vegetables (10.0%) and fish and sea food (8.8%).
He said four regions (Upper West, Greater Accra, Brong Ahafo and Ashanti) recorded inflation rates higher than the national average of 11.8%, with Upper West Region recording the highest year-on-year inflation rate of 12.8%, followed by Greater Accra Region with 12.7%, while the Upper East Region recorded the lowest year-on-year inflation of 10.2%.
By Samuel Boadi
A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morganview all posts by: Nana Kwesi Coomson
233times.com is a Ghanaian media house which serves as a major source of exclusive interviews ,music and video downloads, news and more.
233times.com reports on major events,news covering entertainment, politics, sports, etc from within Ghana, Africa and beyond.
We have a platform for the amateur artistes to portray their staggering talents ...more...
To advertise with us or make enquiries, please visit 233times.com/advertise or call +233249455142 (Selorm), +233248185848 (Nana Kwesi)