Business News of Thursday, 16 May 2019
Inflation recorded for April 2019 rose marginally to 9.5 percent year-on-year.
April’s inflation is an increase over the March figure of 9.3 percent.
Despite the slight increase, the year-on-year comparison indicates a drop in the inflation rate from the 9.6 percent recorded in April 2018 to 9.5 percent in April 2019.
Presenting the figures to the press in Accra, Deputy Government Statistician, David Kombat said the inflation rate was driven mainly by the prices of clothing and footwear for non-food items and coffee, tea and cocoa for food items.