producer-inflation

Headline inflation for November inched up 0.1 percentage point to 11.7 percent in Ghana relative to the 11.6 percent recorded in October, the national statistical office announced here on Wednesday.

The Monthly Change Rate for the month under review was 0.9 percent, the same as was recorded during the previous month, Acting Government Statistician Baah Wadieh disclosed.

“For Food and Non-Alcoholic Beverages group, the inflation rate reduced by 0.3 percentage points to 7.9 percent year-on-year in November, relative to the 8.2 percent year-on-year recorded in the month of October. For the Non-Food group inflation, the rate soared by 0.4 percentage points to 13.6 percent year-on-year in November compared with the 13.2 percent year-on-year recorded previously,” the statistician added.

The main price drivers for the non-food inflation were transport (18.6 percent); clothing and footwear (18.3 percent); recreation and culture (17.1 percent); furnishing, household equipment and routine maintenance (15.2 percent); as well as miscellaneous goods and services (14.0 percent). Enditem

Source: Xinhua/NewsGhana.com.gh

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