Clothing, footwear record 6.8% inflation

Inflation rate for the Clothing and Footwear sub-sector of the Ghanaian economy recorded 6.8 per cent rate of inflation in the month of November, 2019, the Ghana Statistical Service (GSS), has said.

The national year-on-year inflation rate was 8.2% in November 2019, up by .5 percentage point from the 7.7% recorded in October 2019. Month-on-month inflation between October 2019 and November 2019 was .7%.

Alcoholic Beverages, Tobacco & Narcotics (13.4%) and Transport (12.3%) were the Divisions with the highest rates of inflation (see Figure 1). Due to its relative importance in consumption, Food is still the main driver of inflation in Ghana, more so even than last month.

Between October 2019 and November 2019 the price level of Food and Non-alcoholic beverages went up slightly (1.1%).

This rise is predominantly driven by an increase in price levels of Vegetables. National Non-food year-on-year inflation for November 2019 was 8.0%, down from 8.2% recorded in October 2019.

Non-food Sublasses with the highest year-on-year inflation include: Narcotics (46.7%), Postal and courier services (32.5%), Jewellery and watches (22.1%), Repair and hire of furniture (21.3%),

Solid fuels (17.2%), Passenger transport by road (15.0%). Maintenance and repair of personal transport equipment (-10.1%), Maintenance and repair of personal transport equipment (-10.1%), Education (not defined by level) (-7.9%), Sports equipment (-1.5%), and Electricity (-0.9%) had negative year-on-year inflation.

Regarding the national rate, the GSS said on Wednesday December 11, 2019 that the rate jumped from the 7.7 per cent in October to 8.2 per cent in November.