Inflation price for April 2021 drops to eight.5%

The year-on-year inflation price for April 2021 was 8.5%, the Ghana Statistical Service (GSS) has stated.

The means inflation price has diminished by 1.8 share factors in comparison with the month of March 2021.

The year-on-year inflation price for March 2021 was 10.3%. 

Month-on-month inflation between March and April 2021 was 1.5% which was 0.6 share factors larger than what was recorded in March. 

Professor Samuel Kobina Annim, Authorities Statistician stated transport and insurance coverage, in addition to monetary companies, recorded inflation charges above the nationwide common of 8.5%.

Transport (9.6%), insurance coverage and monetary companies (9%) recorded inflation charges above the nationwide common of 8.5%.

The inflation price for imported items was 7.4%, up from 6.8% recorded in March 2021, whereas the inflation for domestically produced gadgets was 8.7%, down from the 11.7% recorded in March 2021.

In response to the GSS figures, meals inflation price stood at 6.5%, decrease than the ten.8% recorded in March 2021. 

The non-food inflation price went as much as 10.2% in April 2021, from 10.0% recorded in March 2021.

The non-food inflation, housing, water, electrical energy and gasoline recorded an inflation price of 25%, down from 29% recorded in March 2021. 

Regional breakdown

The Better Accra Area recorded the best inflation price of 12.1% in April this yr, however decrease than that of March 2021 (11.5%).

The Ashanti Area additionally recorded an inflation price of 10.1%, larger than the nationwide common.

Nevertheless, the Higher West Area recorded the bottom inflation price of two%.

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