<<Print>>

Inflation for the month of June was recorded at 8.59 percent, a drop of 0.31 percent from the previous month, which was 8.90 percent. The rate of Inflation has fallen continuously over 19 months, from 20.74 percent in June 2009 to 8.58 percent in December 2010. It has remained relatively stable since June 2010, with rates ranging between 8.58 and 9.52 percent. The downward trend in inflation can be attributed more to the food and non-alcoholic beverages group, while the non- food group inflation has remained stable since June 2010, between 11.22 and 12.44 percent. Transport is still the highest contributor of the non-food group; with a weight of 55.09 percent, the non-food group had major influence on the rate of inflation. Making the announcement, Government Statistician Dr Grace Bediako opined that single digit inflation was likely to be maintained till the end of the year if current conditions are maintained. �For a period for the last twelve months or so, the rate has been changing within a band. We see that from June 2010 it was within between 9 and 10 percent and it remained in that band for the whole twelve months, ranging between 8 and 10 percent. �So there are changes, there are increases and slight declines and so on but still within a two percent range.�