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Inflation drops to 11.9%

Inflation has dropped again for the month of July from 12.1 percent in June to 11. 9 percent.

The June’s fall is the lowest since September 2013.

In a news conference on  Wednesday to announce the recent inflation figures, the acting government statistician Baah Wadie said the period under scrutiny did not experience any economic shock thus the drop.

He added that the dropping of inflation on non-food was the main factor that “kept the inflation at the level that it is.”

He said the main price drivers for the down food inflation rate were transport, household equipment, clothing, footwear, health, miscellaneous goods and services.

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