Business & Finance

Tea Bag, Dog Meat, Others Hit By Inflation Ahead Of Xmas

High inflation has hit some commodities on the market going into the festive season this year per data from the Ghana Statistical Service (GSS).

Although the general inflation rate has eased, inflation for imported and food products exceeded the national rate.

Out of some 20 selected products monitored by the GSS, tea bags topped the chart as the highest priced. The commodity recorded an inflation rate of 73%.

It is accordingly followed by country milk, carrots, non-alcoholic champagne, ready-made clothing for boys, sports clothes and new bicycles at 58.2%, 56%, 55.4%, 53%, 53.4% and 51.6% respectively. All these are imported products.

When it comes to locally made products and services, the data showed that the cost of travel by air is the highest at 52.6%.

It is seconded by dog meat whose inflation rate surpasses that of fish and smoked herrings. The delicacy which is popular with the people in the Upper East Region rated 52.6%.

The inflation rate for fish is 50.7% while smoked fish is 50.4%.

Other local products including cassava had 49%, shea butter 48.5%, English textbooks 47.1%, tilapia 46.9%, yam 45.8%, iodated salt 45.7% and tomatoes 44.8%.

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