The Ghana Statistical Service has said that the country’s inflation rate rose to 10.3 percent in February 2021 as against 9.9 percent recorded in January this year.
According to Prof. Samuel Annim, the Government Statistician, the inflation rate for February is 0.4 percentage point higher than the rate for January.
He said that the month-on-month inflation between January and February was 0.8 percent and that the slight increase in the inflation rate was due to the rise in non-food inflation.
Prof, Annim explained that non-food inflation rose to 8.8 percent from the January rate of 7.7 percent, while the Food and Non-Alcoholic Beverages inflation fell to 12.3 percent from 12.8 percent in January.
Local media reports quoted Prof, Annim as saying that on a month-on-month basis, food inflation was zero percent and that with this rate, Food contributed 52.6 percent to overall inflation and that it was the lowest since September 2020.
According to him, within the Food Division, vegetables with 17.4 percent inflation remains the subclass with the highest rate of inflation, but lower than the last month’s rate of 20.3 percent.
He added that the difference between locally produced items which recorded 11.7 percent inflation and imported items with 6.7 percent stood at 5 percent.
GIK/APA