The annual inflation rate edged slightly to 8.8 percent 2012 March from 8.6% in February, the Ghana Statistical Service said on Wednesday.

“This means that the general price level increased by 8.8% for one year from March 2011 to March 2012,” Dr. Philomena Nyarko, acting Government Statistician said at a press conference to announce the figures.

Monthly change of March was 1.2%, a slight dip from 1.5 percent registered in February.

She said the food or drinks alcoholic Group recorded inflation rate did not change change on 4.4 percent, with seven sub-groups recording higher average inflation rates of 4.4%.

Bread, cereals, fish and meat are the main contributors to inflation in food.

Rate of inflation in the non-food was up 11.6 percent in six subgroups inflation rates higher than the average registration.

The main contributors to the non food inflation 11.4% were transport, furniture, household equipment, clothing and footwear.

“Inflation rate-non food (11.4%) Was more and half of food twice inflation rate (4.4%), “said Dr Nyarko.

Central region recorded the highest inflation rate of 8.1%, while the top areas in the eastern Upper West was the lowest rate & of 6.3%.

Source: GNA

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