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Ghana’s September consumer inflation marginally down

Ghana’s inflation rate in September decreased marginally by 0.1 percentage points to 12.2 percent year-on-year, compared with 12.3 percent in August, Ghana Statistical Service (GSS) announced Wednesday.

The monthly change rate for the month under review was also 0.0 percent compared with the previous month’s -0.2 percent.

“The year-on-year non-food inflation rate in September 2017 was 14.1 percent, compared with the 14.7 percent year-on-year inflation rate recorded in August 2017,” said Anthony Amuzu, Deputy Government Statistician.

For food inflation, the year-on-year inflation rate stood at 8.1 percent, compared with 7.4 percent in the previous month.

“The main cause of the lower inflation was the lower non-food inflation,” Amuzu said. Enditem

Source: Xinhua/NewsGhana.com.gh

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