Ghana’s inflation dips again to 9.02% in April

Ghana’s inflation rate continues its downward trend for the second time this year. The rate for April stands at 9.02%, the Ghana Statistical Service (GSS) has announced in Accra Wednesday May 11, 2011.

The rate is lower than the March rate of 9.13%  and that of February which was 9.16%.

The Government Statistician, Dr. Grace Bediako told reporters that the inflation rate fell by 0.11% points.

“The downward trend in inflation in April 2011 can be attributed to the food and non-alcoholic beverages group which had a 0.52 percentage point decline and the non-food group recorded 0.16 percentage point increase”, Dr Grace Bediako said.

The non-food group inflation rate which was 12.16% is almost three times higher than the food group rate which stood at 4.18%, the GSS said.

The monthly change, which is the percentage change in the Consumer Price Index (CPI) between March 2011 and April 2011, was 1.31%.

Ghana’s capital, Accra, recorded the highest inflation rate of 12.31% and Volta region the lowest inflation, 5.24%.

By Ekow Quandzie