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Ghana inflation rate slips in April

Ghana’s annual rate of inflation slipped to 9.02 per cent in April, from 9.13 per cent in March, with low food prices seen as a major factor, the Ghana Statistical Service (GSS) said Wednesday.

Government Statistician, Dr. Grace Bediako, said the month saw a downward trend in the food and non-alcoholic beverages group.

While the food and non-alcoholic beverage group had a 0.52 percentage-point decline, the non-food group recorded 0.16 percentage-point increase.

“The non-food inflation is almost three times as the inflation in the food group. Food inflation during the period was 4.18 per cent.”

Inflation rates in the regions ranged from a low of 5.24 per cent in the Volta Region to 12.31 per cent in Greater Accra Region.

The Upper East and Upper West, Ashanti and Greater Accra regions recorded inflation rates above the national rate of 9.02 per cent.

Director of Economics Statistics, Mr. Ebo Duncan, said inflation reduced in April because fuel prices had remained stable after last January’s increases.

“In addition, locally-produced food is still in abundance, coupled with quite a stable exchange rate,” Duncan added

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