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Inflation Rate for July goes up to 17.9%
Source : Themarketghana.com    Date : Wednesday 12 Aug, 2015 | 16:03 GMT
Government Statistician, Philomina Nyarko
The Ghana Statistical Service has pegged the Inflation rate for July at 17.9%, 0.8 percentage increase from the 17.1% recorded in June 2015.

A press release available to pulse.com.gh reveal that the year on year inflation rate as measured by the CPI stood at 17.9% in July 2015.

The rate of inflation for July 2015 is the percentage change in the Consumer Price Index over the twelve-month period from July 2014 to July 2015. The monthly change rate for July 2015 was 2.3% compared to the 1.8% recorded for June 2015.

The 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 2012, the base year which has an index of 100.

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