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The Upper West region recorded the highest overall inflation rate (11.1%), followed by the Brong Ahafo region (10.6%), while the Upper East region recorded the lowest inflation rate of the year, 8.3%.
In the non-food group, the transportation sector was the highest and the only sector to record a 5.6 percentage point decrease in inflation in June 2019.
This is due to the basic drift effect caused by the upward adjustment of 10% of the price of freight fares in June 2018, which in turn resulted in a rise in the freight rate. transport sector inflation of 5.1% compared to this year.
Factors contributing to the lowering of the inflation rate
Several factors contributed to the decline in the inflation rate in June 2019.
According to the Ghana Statistical Service (GSS), the main factors include favorable weather conditions, government policy on planting for food and employment, stability of the exchange rate at the beginning of the harvest season, and other factors. . Each month, the figure is determined by the balance between the upward and downward price movements of the range of products included in the tax.
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