David Kombat, Acting Gov’t Statistician
The year-on-year inflation rate for January 2019 was 9.0% compared to 9.4% recorded in December 2018.
The monthly change rate in January 2019 was 1.0% compared to 1.1% recorded in December 2018.
David Yenukwa Kombat, acting Government Statistician, who released the information, said the year-on-year non-food inflation rate for January 2019 was 9.5% compared to the rate of 9.8% recorded in December 2018.
The year-on-year food inflation rate for January 2019 was 8.0% compared to 8.7% recorded in December 2018.
He said the year-on-year non-food inflation rate (9.5%) is 1.5 percentage points higher than the food inflation rate (8.0%).
The year-on-year inflation rate for imported items (10.8%) was 2.5 percentage points higher than that of locally produced items (8.3%).
The main price drivers for the non-food inflation rate were transport (13.4%), clothing and footwear (12.8%), recreation and culture (12.7%), furnishing, household equipment and routine maintenance (11.2%) and miscellaneous goods and services (9.6%).
The price drivers for the food inflation rate were coffee, tea and cocoa (12.4%), fruits (10.0%), meat and meat products (9.8%) and mineral water, soft drinks, fruit and vegetable juices (9.3%).
Four regions-Upper West, Brong Ahafo, Western and Ashanti- recorded inflation rates above the national average of 9.0 percent.
Upper West Region recorded the highest year-on-year inflation rate of 10.8%, followed by Brong Ahafo Region (9.9%), while the Upper East Region recorded the lowest year-on-year inflation rate (7.7%) in January 2019.
The January 2019 inflation of 9.0% is the lowest since January 2013. A business desk report The January 2019 inflation of 9.0% is the lowest since January 2013.
A business desk report