Ghana's Inflation Rate rise to 17.9% in July

Ghana's Inflation Rate rose to 17.9% in July from 17.1% recorded in June 2015.

Food inflation rose to 7.6% while non food inflation recorded 24.6% moving up 1.0% from June 2015.

Dr. Philomena Nyarko, the Head of the Ghana Statistical Service at a press conference said the current inflation is high due to the adjustments in utility prices.

She said  electricity, gas  housing and water were the main price drivers for non food inflation which recorded the highest inflation rate of 27.1%.

The lowest inflation rate of 14.3% was recorded in the Northern region recorded while the Central region recorded the highest inflation rate of 19.8%.

Below Are Inflation Rates Since Jan.2015

<table width="600">
<tbody>
<tr>
<td width="219"><strong>MONTH</strong></td>
<td width="219"><strong>PERCENT</strong></td>
</tr>
<tr>
<td width="219">JANUARY</td>
<td width="219">16.4</td>
</tr>
<tr>
<td width="219">FEBURARY</td>
<td width="219">16.5</td>
</tr>
<tr>
<td width="219">MARCH</td>
<td width="219">16.6</td>
</tr>
<tr>
<td width="219">APRIL</td>
<td width="219">16.8</td>
</tr>
<tr>
<td width="219">MAY</td>
<td width="219">16.9</td>
</tr>
<tr>
<td width="219">JUNE</td>
<td width="219">17.1</td>
</tr>
</tbody>
</table>

GBC