Home Business Inflation returns to solitary digit of 8.5% in April 2021

Inflation returns to solitary digit of 8.5% in April 2021

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Inflation returned to solitary digit as it remarkably fell to 8.5% in April 2021, from the 10.5% recorded in March 2021, figures from the Ghana Statistical Service have disclosed.

It is the initial one digit charge recorded in the year, following the ravaging results of covid-19 on the financial state. This indicates raises in selling price of merchandise and providers slowdown in April 2021, comparatively to March this yr.

Nevertheless, it is better than the fee recorded in the course of the exact same period previous calendar year.

Month-on-thirty day period inflation involving March and April 2021 was nonetheless 1.5%.

According to the figures, food inflation charge stood at 6.5%, lower than the 10.8% recorded in March 2021. Non-food inflation price was nevertheless went up to 10.2% in April 2021, from 10.% recorded in March 2021.

Inside of the food stuff group, Fruits and Nuts which recorded -.4% inflation drove the April 2021 down.

For the non-food items inflation, Housing, drinking water, Electric power and Gas recorded an inflation price of 25%, down from 29% recorded in March 2021. It is basically the maximum level of inflation for April 2021.

Transport (9.6%) and Coverage and Economical Services (9%) recorded inflation fees over the national average of 8.5%.

Also, the inflation for imported goods was 7.4%, up from 6.8% recorded previous thirty day period, when the inflation for locally made objects was 8.7%, down from the 11.7% recorded very last thirty day period.

Regional inflation

For the areas, the Larger Accra area recorded the best inflation charge of 12.1% per cent in April this calendar year, but reduce than that of March 2021.

Nonetheless, the location with the least expensive amount of inflation was Upper West with inflation price of 2%.

Ashanti location was the other region apart from Higher Accra region with inflation rate of 10.1%, better than the nationwide regular.



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