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June inflation rate rises to 11.4 per cent

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market1Ghana’s inflation rate rose to 11.4 per cent last June compared to 11.1 per cent in May, Dr Philomena Nyarko, acting Government Statistician, said on Wednesday.

She said the rate was calculated for the second consecutive month, using the new food basket of 267 items, and the monthly change rate for June was 2.6 per cent.

According to Dr Nyarko food inflation was up to 6.3 per cent in June, from 5.8 per cent in May while the non-food inflation was unchanged at 15.7 per cent.

Housing, water, electricity, gas and other utilities recorded inflation of 17.4 per cent, clothing and footwear 17 per cent while the communications sub-group had the lowest inflation rate of 0.9 per cent.

Source: GNA

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