The year-on-year inflation rate as measured by the Consumer Price Index (CPI) decreased to 17.3 percent in August 2015, down by 0.6 percentage point from the 17.9 percent in July.
The figures released by the Ghana Statistical Service showed that the monthly change rate for august 2015 was -0.7 percent compared to the 2.3percent recorded for July 2015.
The food and non-alcoholic beverages group recorded a year-on-year inflation rate of 7.7 percent.
This was 0.1 percentage point higher than the 7.6 percent recorded in July 2015. Seven subgroups of the food and non-alcoholic beverages group recorded inflation rates higher than the group’s average rate of 7.7 percent.
The non-food group recorded a year-on-year inflation rate of 23.4 percent in August 2015, compared to the 24.6 percent recorded for July 2015.
Six subgroups recorded year-on-year inflation rates higher than the group’s average rate of 23.4 percent.
Recreation and culture recorded the highest inflation rate of 25.8 percent, followed by education with 25.6 percent, transport, 25.3 percent, clothing and footwear, 25.1 percent.
Finishing, household equipment and routine maintenance, all recorded 24.9 percent, while Housing, water, electricity, gas and other fuels recorded 23.5 percent.
Inflation was lowest in the communication subgroup with 14.1 percent.
On regional differentials, the year-on-year inflation rate ranged from 13.8 percent in the Northern region to 18.9 percent in the Ashanti region.
Three regions; Ashanti, Greater Accra, and Central recorded inflation rates above the national average of 17.3 percent.
The Upper West region recorded the same inflation rate as the national average of 17.3 percent.
