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Company News of Wednesday, July 10, 2019
Source: starrfm.com.gh
2019-07-10
The inflation rate for the month of June fell to 9.1%, compared to 9.4% in May
Ghana's statistical services revealed that the inflation rate for the month of June fell to 9.1%, after 9.4% recorded in May.
The service attributed the decline to factors such as the stable exchange rate and the products derived from the plantation for food and employment policy.
Other factors include favorable weather and favorable conditions early in the harvest season.
The areas of Upper West West, Brong Ahafo, West, Volta and Ashanti recorded inflation rates above the national average.
Araba Forson, badistant government statistician, revealed that "several factors have contributed to the decline in the inflation rate in June 2019. That is why we are examining food and non-food products, as well as food products." 39, local and non-local origin. and then we also look at the regional distribution, so that all of this contributes to the overall inflation rates from one year to the next, as well as from one month to the next. "
She pointed out that "each month the figure is determined by the balance between upward and downward price movements in the range of goods and services included in the index".
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