The Consumer Price Inflation for the month of November dropped further to 15.5 from the 15.8 percent recorded in October 2016, representing 0.3 percentage points.
The monthly change rate for November stood at 0.8 percent compared with the 1.4 percent recorded for the month of October 2016.
The Consumer Price Index (CPI) measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption, with reference to the price level in 2012, the base year, which has an index of 100.
Food and non-food inflation
The Food and non-alcoholic beverages group recorded a year-on-year inflation rate of 9.3 percent. This is 0.6 percentage point higher than the rate recorded in October 2016. Five subgroups of the food and non-alcoholic beverages group recorded inflation rates higher than the group’s average rate of 9.3 percent.
At the regional level, the year-on-year inflation rate ranged from 13.1 percent in the Volta Region to 18.1 percent in the Greater Accra Region. Two regions (Greater Accra and Ashanti) recorded inflation rates above the national average of 15.5 percent.
Source: 3news.com | Ghana
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