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Business News of Wednesday, 8 September 2021

Source: classfmonline.com

Consumer Price Inflation stays at 9.7% for August 2021

Head of Ghana Statistical Service, Prof. Samuel Kobina Annim Head of Ghana Statistical Service, Prof. Samuel Kobina Annim

Consumer Price Inflation (CPI) for August is 9.7 percent the Ghana Statistical Service (GSS) has announced.

This rate of inflation for August 2021 is the percentage change in the Consumer Price Index (CPI) over the 12-month period, from August 2020 to August 2021.

The monthly change rate for August 2021 is 0.3 percent.

The Combined Consumer Price Index (CPI) measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption, with reference to the price level in 2018, the base year, which has an index of 100.

Food inflation was 10.9% while last month was 9.5%.

The average over the last 12 months was 10.4%.

Month-on-month Food inflation was 0.2%.

Non-food Inflation was 8.7% while last month was 8.6 %. The average over the last 12 months was 8.8%.

Month-on-month Non-Food inflation was 0.3%.

Inflation for locally produced items was 10.3%.

Inflation for imported items was 8.1%

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