The Upper East Region has recorded the second lowest overall inflation for the month of February, 2023 in northern Ghana. This is according to the Ghana Statistical Service’s Consumer Price Index for February 2023.
The national average inflation rate fell from 53.8 to 52.6, according to the GSS. The Savannah Region recorded the highest inflation rate among the 5 regions of the North with a rate of 55.3 percent. The North East Region followed with a rate of 51.8 percent. The Upper West Region recorded a rate of 49.4 percent, while the Upper East Region recorded a rate of 49.2 percent. A rate of 47.4 percent was recorded by the Northern Region, making it the region with the lowest inflation rate in Northern Ghana.
The Upper East Region recorded a non-food inflation rate of 51.3 percent and recorded a food inflation rate of 44.9 percent.
The Upper East Region had the lowest food inflation rate of any of Northern Ghana’s five regions. This was according to the January 2023 Consumer Price Index (CPI) by the Ghana Statistical Service.
According to the report, the Upper East Region recorded a food inflation rate of 38.1 percent. The Upper West Region recorded a rate of 59.4 percent while the Northern Region recorded a food inflation rate of 49.5. The Savannah Region and North East Region recorded food inflation rates of 55.1 and 58.8 percent respectively.
The food and non-alcoholic beverage inflation rate recorded a year-on-year inflation rate of 59.1 percent in February 2023.
The Non-Food group recorded a year-on-year inflation rate of 47.9 percent in February 2023.
At the regional level, the year-on-year inflation rate ranged from 63.6 percent in the Western North Region to 35.4 percent in the Volta Region. Six regions recorded an inflation rate above the national average of 52.8 percent.
Read full report here: Bulletin – CPI Febuary 2023
Source: A1radioonline.com|101.1MHz|Mark Kwasi Ahumah Smith|Ghana