<\/p>\n
Prof. Samuel Kobina Annim \u2013 Government Statistician<\/strong><\/p>\n THE NATIONAL year-on-year inflation rate was 12.6% in December 2021, 0.4 percentage point higher than the 12.2% recorded in November 2021.<\/p>\n Prof Samuel Annim, Government Statistician, who made this known to the media in Accra, said month-on-month inflation between November and December 2021 was 1.2%.<\/p>\n According to him, \u201cFor the sixth month in row, year-on-year consumer inflation has consistently increased, going up by 4.8 percentage points between June 2021 (7.8%) and December 2021 (12.6%)\u201d.<\/p>\n \u2019Housing, Water, Electricity, Gas and other Fuels\u2019 (20.7%) recorded the highest inflation.<\/p>\n At the regional level, he said the overall year-on-year inflation ranged from 7.4% in the Eastern Region to 18.6% in the Upper West Region.<\/p>\n Eastern Region thus recorded the highest month-on-month inflation (4.8%).<\/p>\n All regions recorded positive month-on-month inflation rates with Upper East region recording the lowest (0.1%).<\/p>\n \u201cThis month food inflation (12.8%) is higher than last month food inflation (13.1%) but lower than the average of the previous 12 months (10.3%). Food inflation\u2019s contribution to total inflation decreased from 47.7% in November to 45.2% in December.<\/p>\n \u201cOverall month-on-month food inflation was 1.2%, which is higher than the twelve month national month-on-month rolling average of food inflation (1.0%).\u201d<\/p>\n Fourteen out of the fifteen food subclasses recorded positive month-on-month inflation with Coffee and Coffee substitutes recording a deflation (-0.3%). Non-food year-on-year inflation on average went up again in December compared to November (from 11.6% to 12.5%). Two out of the 12 Non-food Divisions had the 12 months rolling average to be higher than the year-on-year inflation for December 2021. Housing, Water, Electricity, Gas and other fuels recorded the highest inflation in December 2021 (20.7%).<\/p>\n The inflation for imported goods was 10.4% (higher than the 9.8% recorded for November) while the inflation for locally produced items was 13.3% (up from the 13.0% recorded in November 2021).<\/p>\n BY Samuel Boadi<\/strong><\/p>\n \n\t<\/div>\n","protected":false},"excerpt":{"rendered":" Prof. Samuel Kobina Annim \u2013 Government Statistician THE NATIONAL year-on-year inflation rate was 12.6% in December 2021, 0.4 percentage point higher than the 12.2% recorded in November 2021. Prof Samuel Annim, Government Statistician, who made this known to the media in Accra, said month-on-month inflation between November and December 2021 was 1.2%. According to him, […]<\/p>\n","protected":false},"author":1,"featured_media":191603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[227,356],"class_list":["post-747965","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-inflation","tag-records"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/747965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=747965"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/747965\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=747965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=747965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=747965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}