THE Consumer Price Index (CPI) which measures the change over time in the general price level of goods and services that households acquire stood at 8.8 per cent in January, the same as recorded in December 2012.
The monthly change rate however, for January 2013 was 2.1 per cent compared with 0.7 per cent recorded in December 2012.
Announcing the rate at a news conference in Accra on Wednesday, the acting Government Statistician, Dr Philomena Nyarko attributed the rate not changing to the food and non-alchoholic beverages group which recorded the same year-on-year inflation rate of 3.9 per cent,same for December 2012.
“The price drivers for the food inflation were Mineral water, soft drinks and juices (18.0%), coffee, tea and cocoa (15.3%), Milk, cheese and eggs (12.2%), and Meat(11.8%),” she said.
The non- food group she also explained recorded a year-on-year inflation rate of 11.5 per cent in January 2013 compared to 11.6 per cent recorded in December 2012 adding “the price drivers for the non-food inflation rate were Education (21.9%), Alcoholic beverages, tobacco and narcotics (17.0%), Clothing and Footwear (16.3%) and Miscellaneous goods and services (15.0%).
On the regional level, Dr Nayrko explained that Greater Accra Region recorded the highest combined inflation rate of 11.0 per cent with the Northern Region following closely with 9.4 per cent, while the Volta Region recorded the lowest rate of 5.8 per cent.
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