The rate of inflation for the month of February 2018, as measured by the Consumer Price Index (CPI), was 10.6 percent, according to the Ghana Statistical Service (GSS).
Acting Government Statistician, Baah Wadieh, who made this known to journalists on Wednesday in Accra, said the rate for February witnessed a 0.3 percentage point increment from the 10.3 percent recorded in January 2018.
Mr Wadieh reported that the monthly change rate for February 2018 was 0.9 percent compared to the 1.4 percent recorded for January 2018.
The food and non-alcoholic beverages group during the period under review, he said, recorded a year-on-year inflation rate of 7.2 percent.
“This is 0.4 percentage point higher than the rate recorded in January 2018,” according to him, adding that “the non-food group recorded a year-on-year inflation rate of 12.2 percent in February 2018 compared to the 12.0 percent recorded for January 2018.”
At the regional level, the year-on-year rate ranged from 8.1 percent in Upper East Region to 11.7 percent in Upper West Region, he said.
CPI measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption, with reference to the price level in 2012, the base year, which has an index of 100.
By Melvin Tarlue