Inflation rises to 10.6% in April
Advertisement
The monthly change rate also rose from 1.7 per cent in March to 1.8 per cent in April.
Inflation, which is measured by the Consumer Price Index (CPI), looks at the change over time in the general price levels of goods and services that households acquire for the purpose of consumption.
Announcing the rate at a news conference in Accra, the acting Deputy Government Statistician in charge of Technical Support at the GSS, Mr Baah Wadieh, said the increase could be attributed to the depreciation of the cedi.
According to the GSS, the Cedi depreciated by about 1.45 per cent as compared to the US dollar in April.
The year-on-year non-food inflation rate was 13.0 per cent compared to 13.2 per cent recorded in March 2013.
He said “the price drivers for the non-food inflation rate were miscellaneous goods and services (15.6%), transport (14.7%), clothing and footwear (14.1%) and Education (14.1%).
The year-on-year food inflation rate was 6.4 per cent, up from 5.5 per cent rate recorded for March 2013.
“The price drivers for the food inflation were mineral water, soft drinks and juices (16.8%), milk, cheese and eggs (15.4%), sugar, jam, honey, syrups, chocolate, confectionary (11.4%) and coffee, tea and cocoa (11.3%),” he said.
On the regional level, the Greater Accra Region recorded the highest year-on-year inflation rate of 12.6 per cent, followed by Ashanti Region with 10.7 per cent while the Western Region recorded the least rate, 8.5 per cent.
Story: Jessica Acheampong