Inflation Rate For June, 2016 Decreases From 18.9 Percent To 18.4 Percent In The Month Of May.

Inflation Rate For June, 2016 Decreases From 18.9 Percent To 18.4 Percent In The Month Of May.
Dr-Philomena-Nyarko

The Year-on-Year Inflation Rate, as measured by the Consumer Price Index, for the Month of June, 2016 decreased by 0.5 percentage point from 18.9 percent recorded in May, 2016.
The Rate of Inflation for June, 2016 is the percentage change, in the Consumer Price Index, over the twelve-month period, from June 2015 to June 2016.
However, the Monthly Change Rate, for the Month of June, was 1.3 percent, compared to the 1.1 percent recorded for May, 2016.
In June 2016,the year-on year inflation rate was 18.4%,compared with the 18.9% recorded in May, 2016.The monthly change rate in June 2016, was 1.3%, while that for May 2016 was 1.1%.
The Year-on-year non-food inflation Rate, for June 2016, was 24.1% compared with the 25.0%,recorded in May 2016.
The Year-on-Year Food Inflation Rate for June 2016, was 8.6%,compared with the 8.5%, recorded in May 2016.The Year-on-Year Non-Food Inflation rate representing 24.1% was about three times that of the food inflation rate representing 8.6%.
The Year-On-Year Inflation Rate for locally-produced items, representing 18.9% was 1.8% percentage points higher than, that of the imported items representing 17.1% for June 2016.
The main ‘price drivers’ for The Non-Food Inflation Rate were Transport representing 40.3%,Education with 33.3%,housing,water,electricity,gas and other fuels with 32.8%,and recreation and culture with 27.4%.
The ‘price drivers’ for the food inflation rate were Vegetables representing 12.5%,Oils and fats with 11.2%,Fruits with 10.4%,Mineral water, soft drinks, fruit and vegetable juices with 10.1%,Coffee,tea and cocoa with 9.9%,meat and meat products with 8.8%.
Greater Accra and Ashanti Regions, recorded inflation rates higher than the national average of 18.4%.The Greater Accra Region recorded the highest Year-On-Year Inflation Rate of 22.4%,followed by the Ashanti Region with 20.5%, while the Upper East Region recorded the lowest with 13.8%.Dr.Philomina Nyarko is the Government Statistician.

Comments

Post a Comment

Popular posts from this blog

Shatta Wale Threatened To Release Naked PHOTOS Of My Wife – Bull Dog

Image
Bulldog has spoken out on his acrimonious break-up with former top act Shatta Wale, who he managed for years until they abruptly ended their relationship. The whole messy break-up was interspersed with threats of violence and exposing nude photos and the like. Speaking on Hitz Fm Wednesday, Bulldog revealed that contrary to most reports, the break-up had nothing to do with money, but instead with the threats Shatta Wale made against his wife. Bulldog said when he heard Shatta Wale was threatening to release the nude photos of his wife, he knew at that point that their working relationship was over.“At the time, I had gotten information that he had my wife’s naked picture and that’s not a joke… The only reason I broke up with Shatta was my family; nothing else. I’m not money conscious. I have worked with people for free” he said. Bulldog said he just wants to set the record straight about the split. Source: ghanacelebrities.com
Read more

Must Listen -Ewe's rock it with their famous Borboobor music.

Image
Africa as a continent has distinguished itself from the world with it rich cultural. The continent might not be recognized as a literate in technology but can be let out when it comes to singing, dancing and drumming. As an African, specifically from Ghana formally known as the Gold Coast, i cant afford to hide my rich cultural from the world. Today i present to the you the Boboobo music. this genre of song is common among the Ewe's or the people of the Volta region. The Borboobo song is backed by ghanaian made drums  and a trumpet  which is used for solos.
Read more

Afb Ghana Ltd awards Customers in its "Back to School Promo" this Month

Image
Afb Ghana limited in the quest of providing innovative consumer credit product to Government workers and market traders is waxing of some burdens for its loyal customers by giving them school kits within the month of September The financial service company which started its operation some five years back, was crowned as the top emerging brand   in 2014. Afb Ghana limited also find its way on the Ghana Stock Exchange last year listing Gh 30 million bond with ‘BBB’ rating to expanding its footprint in Ghana.The company which believes   responsible lending is the best way to giving its value customers access to financial freedom also have a GOLD REWARD CARD which comprise 10% off selected brands at Electroland (Samsung, Nasco and Midea) , 6% off Pioneer home appliances , 5% off at Melcom on purchases of GHS 50 or more , and Free insurance of GHS 2 000 paid to your family in the event of the customers death. As school resumes this September afb Ghana limited is running
Read more