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HomeAfricaInflation rate ends 2011 slightly higher in Ghana

Inflation rate ends 2011 slightly higher in Ghana

Ghana’s rate of inflation ended 2011 at 8.58 per cent, slightly higher than 8.55 per cent recorded in November, bringing the average figure for the year to 8.73 per cent.

Government Statistician, Dr. Grace Bediako, said in Accra on Wednesday that the slow rise in inflation was helped by lower food inflation over the year.

The food inflation was 4.27 per cent in December compared to 11.21 per cent for the non-food, led by transport.

“The non-food inflation is more than two-and-a-half times the food inflation,” Dr. Bediako said, adding that it would be difficult to predict the impact of the recent fuel price hikes on inflation in January.

“The effect of the fuel prices on inflation in January will depend on the weight and the prices in the basket,” she said.

Inflation rate in the Regions in December ranged from 5.55 per cent in Upper East Region and Upper West Regions to 11.15 per cent in Central Region

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