Baah Wadieh, Government Statistician in bus
The year-on year inflation rate for November this year was 9.3% compared to 9.5% recorded in October 2018.
Baah Wadieh, Government Statistician, who disclosed this to journalists in Accra, said the monthly change rate in November 2018 was 0.7%, same as the rate recorded in October 2018.
The year-on-year non-food inflation rate for November 2018 was 9.7% compared to 9.8% recorded in October 2018.
The year-on-year food inflation rate for November 2018 was 8.6% compared to 8.9% recorded in October 2018.
The year-on-year non-food inflation rate (9.7%) is 1.1 percentage points higher than the food inflation rate (8.6%).
In November 2018, the year-on-year inflation rate for imported items (11.1%) was 2.5 percentages points higher than that of locally produced items (8.6%).
The main ‘price drivers’ for the non-food inflation rate were Transport (13.7%), Recreation and Culture (13.3%), Clothing and footwear (12.6%), Furnishing, Household Equipment and Routine Maintenance (11.4%) and Miscellaneous goods and services (10.3%).
The ‘price drivers’ for the food inflation rate were Coffee, tea and cocoa (12.8%), Fruits (11.0%), Meat and meat products (10.2%), Mineral water, soft drinks, fruit and vegetable juices (9.4%), Food and food products n.e.c. (9.4%) and Vegetables (9.1%).
Five regions- Upper West, Brong Ahafo, Western, Ashanti and Northern- recorded inflation rates above the national average rate of 9.3 percent.
Upper West Region recorded the highest year-on-year inflation rate of 11.5%, followed by Brong Ahafo region (10.2%), while the Upper East Region recorded the lowest year-on-year inflation rate (7.6%) in November 2018.
The November 2018 rate of 9.3% is the lowest since January 2013.
By Samuel Boadi