Top Stories
Ghana June inflation rises to 10 pct
Last Updated: 2018-07-12 13:46 | Xinhua
 Save  Print   E-mail

Annual consumer inflation rate for Ghana inched up 0.2 percentage points to record 10 percent year-on-year in the month of June, relative to the 9.8 percent recorded in May, Ghana Statistical Service data released Wednesday showed.

Acting Government Statistician Baah Wadieh attributed the rise in annual inflation rate to the 10 percent increase in transport fares.

"What we are experiencing is mainly the pass-through effect of the 10 percent increase in transport fares in May," he indicated.

With the increase in transport fares, coupled with the 5.5 percent depreciation of the local cedi currency against the US Dollar over the first half of the year, price levels of general goods have also gone up across the country. Enditem


Share to 
Related Articles:
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
About | About the Economic Daily | Contact us
Copyright 2003-2020 China Economic Net. All right reserved
Ghana June inflation rises to 10 pct
Source:Xinhua | 2018-07-12 13:46
Share to