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Food, transport dominant drivers for 7.8% inflation in June 2021

The Year-on-year inflation stood at 7.8 per cent in June in contrast to 7.5 per cent in May, pushed barely through transport and meals items, the Government Statistician Professor Samuel Kobina Annim stated on Wednesday.

Speaking at a press briefing to announce the rate, Prof Annim stated meals and transport have been the dominant drivers for the greater fee of inflation in June 2021.

Food contributed 41.8 per cent to average  inflation whilst transport contribution  expanded from 16.5 per cent ultimate month to 18.1 per cent.

“Inflation for June 2021 suggests that the six-month non-stop decline in meals inflation has been reversed by way of 1.9 proportion points,” he said.

The Month-on-Month inflation was once 1.3 per cent whilst the Month-on-month meals inflation exceeds non-food inflation  through  1.0  proportion point.

Year-on-year version between meals 7.3 per cent and non-food inflation 8.2 per cent used to be 0.9 per cent.

“A reversal in the declining  fashion of  meals  inflation has been determined for the first time in six months as it will increase  via 1.9  proportion  factors between May and June 2021. This has contributed in closing the hole  between  meals  and non-food inflation,” Prof Annim said.

Inflation for regionally produced gadgets has regained its dominance over inflation for imported items, surpassing inflation for imported  gadgets via 0.9 share points.

Inflation for regionally produced gadgets was once 7.9 per cent in contrast to that of imported  gadgets at 7.0 per cent.

The Northern Region continues to file greater  Year-on-Year meals inflation at 16.2 per cent,  intently accompanied by using Upper West 14.8 per cent and distantly subsequent is Greater Accra at 9.9 per cent.

The Western Region recorded a deflation in  meals inflation through 1.1 per cent.

Overall, Greater Accra recorded the best  quotes  of inflation for each non-food 14.4 per cent and average inflation at 12.5 per cent.

Content created and supplied by: Yesu_Ba (via Opera News )

Annim Samuel Kobina Annim


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