Dr. Grace Bediako said transportation remains the major contributor to inflation.
The March inflation declined by 0.03% points lower than that of February 2011 which recorded 9.16%.
“Inflation has resumed its downward trend and hopefully it will maintain”, Dr Bediako told reporters.
This is the first time that inflation rate has decreased since the 9.1% inflation in January 2011when the National Petroleum Authority (NPA) announced a 30% increase in petroleum prices, followed by an 18% increase in transport fares which affected the transportation sector in the country.
The last downward trend was in December 2010 when the rate stood at 8.58%.
By Ekow Quandzie