Main Menu

July consumer price index hits 17.9 percent

July Inflation has jumped to 17.9% 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.

The main price drivers for non food inflation were housing, water, electricity, gas and other fuels recording the highest inflation rate of 27.1%.

The consumer price index measures the change over time in the general price levels of goods and service that households require for the purpose of consumption.

The Chief Executive of the Ghana Statistical Service Dr. Philomena Nyarko at a press conference said the current inflation is high due to the utility price adjustments.

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

Leave a Reply

Your email address will not be published. Required fields are marked as *