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August inflation remains at 9.5%
 
Posted on: 12-Sep-2012         Source: citifmonline.com
 
 
 
Inflation for the month of August remained at 9.5 percent.

This means the average amount of money households spend on staple foods like rice, maize, among others remained fairly stable last month.

According to the Ghana Statistical Service (GSS), this is largely because a lot of farmers are harvesting their produce.

The Head of Industrial and Economic Statistics at the Ghana Statistical Service, Ebow Duncan explained that “ this is due to the harvest season we’re in. If you look at August, September and August every year, the monthly inflation records negatives. However if you take the non-food, it increased from 12 percent to 12.5 while the food decreased from 5.5 percent to 4.4 percent”.

At the Regional level, Central Region maintained its leadership in the inflation rate with 11.1 percent while the Upper East and West also still recorded the lowest of 6.2 percent.