MARKET

cediThe monthly rate of inflation fell to point one percent from 8.7 % in January to 8.6% last month.

This rate of inflation is the percentage change in the Consumer Price Index (CPI) over a 12 month period.

Acting Government Statistician, Dr. Philomena Nyarko, attributed the downward trend in the food and non-alcoholic beverages group.

 

The food group had a weight of 44% while the non-food group weighed 55.09%.

According her, the transport sector recorded an appreciable inflation rate of 17.0% last month.

She said inflation rate in the regions ranged between 5.3% in the Upper East and Upper West Regions while the Central region recorded 13.2% being the highest in the month under review.

The Western and Ashanti regions also recorded an inflation rate of 11.2%.

The highest inflation rate of 9.2% was recorded in February 2011 and the lowest of 8.4% in July, August and September 2011.

Source;myjoyonline.com

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