{"id":598842,"date":"2019-03-13T21:12:00","date_gmt":"2019-03-13T21:12:00","guid":{"rendered":"
\n\n\n\n
<\/p>\n
\n
\n
\n<\/p>\n
\n\n<\/div>\n

Inflation for the month of February has moved up to 9.2 per cent. The change reflects a 0.2 per cent increment from January’s inflation rate of 9.0 per cent.<\/p>\n

The year-on-year inflation rate as measured by the CPI was 9.2 per cent in February 2019, up by 0.2 percentage point from the 9.0 per cent recorded in January 2019.\u00a0<\/p>\n

<\/p>\n

This rate of inflation for February 2019 is the percentage change in the Consumer Price Index (CPI) over the twelvemonth period, from February 2018 to February 2019.<\/p>\n

The monthly change rate for February 2019 was 1.0 per cent the same as the rate recorded for January 2019.<\/p>\n

<\/p>\n

The Food and non-alcoholic beverages group recorded a year-on-year inflation rate of 8.1 per cent. This is 0.1 percentage point higher than the rate recorded in January 2019.\u00a0<\/p>\n

Four subgroups of the food and non-alcoholic beverages group recorded inflation rates higher than the group’s average rate of 8.1 per cent.
“
The main \u201cprice drivers” for the non-food inflation rate were Clothing and footwear (13.3%), Recreation and Culture(13.2%), Transport (12.8%), Furnishing, Household Equipment and Routine Maintenance (11.6%) and miscellaneous goods and services (10.0%)”.Acting government statistician David Kombat explained.\u00a0<\/p>\n

Mr Kombat said, “The price drivers for the food inflation rate were Coffee, tea and cocoa (11.6%), Fruits (10.0%), Mineral water, soft drinks, fruit and vegetable juices (9.9%) and Meat and meat products (9.1%)”.<\/p>\n

On the regional level, four regions – Upper West, Brong Ahafo, Western and Ashanti recorded inflation rates above the national average and Volta region recorded the same inflation rate as the national average of 9.2 per cent.\u00a0<\/p>\n

<\/p>\n

Upper West region recorded the highest year-on-year inflation rate of 11.4%, followed by\u00a0Brong Ahafo region (10.2%), while the Upper East region recorded the lowest year-on-year inflation rate (7.9%).\u00a0
\u00a0<\/p>\n<\/div>\n