Arab Today, arab today ghana\s inflation inches up to 132
Last Updated : GMT 10:38:32
Arab Today, arab today
Arab Today, arab today

Ghana\'s inflation inches up to 13.2%

Arab Today, arab today

Arab Today, arab today Ghana\'s inflation inches up to 13.2%

Accra - XINHUA

Ghana's inflation for November inched up to 13.2 percent year on year from 13.1 percent recorded for October, the Ghana Statistical Service (GSS) said on Wednesday. Addressing the media here on the latest development, acting deputy government statistician Baah Wadieh said the food inflation rate for November was 7.3 percent, compared with 6.9 percent recorded in October. "The year-on-year non-food inflation rate was 17.6 percent in November 2013, representing a 0.1 percentage point drop in the 17. 7 percent recorded for October," he added. The "price drivers" for the food inflation rate were fish and sea foods (9.2 percent), mineral water, soft drinks, fruit juice (9.0 percent), and cereals and cereal products (7.9 percent), added the statistician. He listed the "price drivers" for the non-food inflation as housing, water, electricity, gas and other fuels (34.1 percent), transport (26.4 percent); miscellaneous goods and services (17.8 percent), and clothing and footwear (17.7 percent). Charles Kwame Amoah, Head of Research at New Generation Investments Limited, said the rise in inflation was due to the pass-through effect of the earlier petroleum tariff increases and the recent utility tariff hikes. "Although the government came out to absorb 25 percent of the electricity price increases, that did not stop producers from increasing their prices, causing a hike in factory gate prices," Amoah intimated. Ghana's Producer Price Index (PPI) rose to 11.6 percent in October year on year. Amoah said the PPI increase for October was indicative of the fact that the current rise in inflation had started at the factory gate in the previous month and distributors of such goods passed on the factory gate price increases to consumers. According to him, food inflation also continued to rise due to the changing taste of Ghanaians for imported food items.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ghana\s inflation inches up to 132 Arab Today, arab today ghana\s inflation inches up to 132

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 11:43 2017 Wednesday ,22 February

South Africa budget throws light on fractured ANC

GMT 11:35 2017 Wednesday ,22 February

British economy grows 0.7% in final quarter of 2016

GMT 06:04 2017 Wednesday ,22 February

Hammond closes in on budget goal

GMT 05:34 2017 Wednesday ,22 February

Euro zone economy outlook shines

GMT 04:10 2017 Wednesday ,22 February

US stocks finish at another all-time high
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday