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Business News of Wednesday, 18 September 2019


Fruits and nuts record 25.2% inflation rate

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Within the Food and non-alcoholic beverage sub-group, fruits and nuts recorded an inflation rate of 25.2 per cent, way above the national average rate of 7.8 per cent for August 2019, the Ghana Statistical Service (GSS), has announced.

Acting government statistician, Professor Samuel Kobina Annim, said at a press conference on Wednesday September 18 that: “The Food and non-alcoholic beverages group recorded a year-on-year inflation rate of 8.2 percent.

“Fruits and nuts (25.2%), Cereals and cereal products (10.6%), sugar, confectionery and deserts (9.0%), and Ready-made food and other food products n.e.c (8.3%) were the major drivers of the food inflation.”

In the Non-food group, he said the sector recorded a year-on-year inflation rate of 7.4 percent in August 2019.

“Alcoholic Beverages, Tobacco and Narcotics (12.9%), Transport (10.2%) and Housing, water, electricity, gas and other fuels (9.9%) were the key drivers of the non-food inflation in August.”