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      Oti Region referendum will be incident free – Police

      Police intercepts herdsmen carrying M16 rifle

      Trade Minister Alan Kyerematen resigns

      ‘Aduru wo so’ was a bad campaign slogan, it lowered my worth, value – Alan

      Boy, 19, in court over 10-year-old girl’s defilement

      Former Lighthouse pastor sentenced to jail in Madagascar for car theft

      Protesters gather at Obra Spot in Accra for #OccupyBoG demonstration

      Protesters gather at Obra Spot in Accra for #OccupyBoG demonstration

      2 suspects arrested for the murder of 6 ride-hailing drivers within 3 months

      2 suspects arrested for the murder of 6 ride-hailing drivers within 3 months

      I tested positive for coronavirus after my 60th birthday party – Kennedy Agyapong

      Stolen monies being stashed abroad – Kennedy Agyapong takes on NPP

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      • Kumasi Metropolitan Assembly
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      Black Sherif wins 2023 BET Hip Hop Awards Best International Flow

      Black Sherif wins 2023 BET Hip Hop Awards Best International Flow

      Tupac Shakur’s sister calls new murder charge ‘pivotal moment’

      Tupac Shakur’s sister calls new murder charge ‘pivotal moment’

      Court orders arrest, arraignment of Naira Marley over alleged car theft

      MohBad death: I’ll return home if police can guarantee my safety — Naira Marley

      Man arrested in connection with murder of Tupac Shakur in 1996

      Man arrested in connection with murder of Tupac Shakur in 1996

      Harry Potter actor Sir Michael Gambon dies aged 82

      Harry Potter actor Sir Michael Gambon dies aged 82

      Dr UN Award incredibly stupid; I can’t believe I fell for that nonsense – D-Black

      Dr UN Award incredibly stupid; I can’t believe I fell for that nonsense – D-Black

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      • Wendy Shay
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      Manchester United stunned by Galatasaray at Old Trafford

      Bellingham stars as Madrid beat Napoli in Naples

      Bellingham stars as Madrid beat Napoli in Naples

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      French clubs mount pressure on FIFA to investigate Nuamah’s move to Lyon

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      Uganda: Referee uses TV as VAR

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      Kotoko 1-1 Karela: Porcupine Warriors yet to win a game this season

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      Uganda international Steven Mukwala promises to score more goals for Kotoko this season

      Medeama spent almost $300,000 to win 2022/23 GPL title – Board Chairman

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      Video: Ghana’s old-plane-turned-restaurant at Airport towed away

      Nearly 2.4 million people with mental illness in Ghana – WHO raises alarm

      Nearly 2.4 million people with mental illness in Ghana – WHO raises alarm

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      Ogum tells Kotoko players to cut their dreadlocks – report

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        Songo, the African tribe where children are raised by their uncles

        Songo, the African tribe where children are raised by their uncles

        Manhyia puts a ban on funerals in Asanteman

        Details of the symbol of authority of the Ashanti Region, the Asanteman flag

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        Meet the African tribe that offers free sex to guests

        Meet the African tribe that offers free sex to guests

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        Who is the real Yaa Asantewaa

        Who is the real Yaa Asantewaa

        How an Asante King led an army to defeat the British and behead a governor in 1824

        How an Asante King led an army to defeat the British and behead a governor in 1824

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      New inflation rate to be announced tomorrow

      source: Graphic Online

      New inflation rate to be announced tomorrow
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      The Ghana Statistical Service (GSS) will announce a new inflation rate tomorrow. The new figure will reflect the current consumption trands in the country.

      It is not clear which direction the rate will be heading but it has been predicted that whether up or down, the change will be marginal from the last rate of 10 per cent as of June.

      Meanwhile, the GSS has completed the rebasing of the consumer price index (CPI), the average change in prices of goods and services, which is measured by inflation.

      The new CPI takes its base year from 2017, up from the old one, and used 2012 as the base year, and is expected to ensure that the basket of products and services used in calculating inflation reflects current consumption trends.

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      New figures of the CPI are expected to be released on August 15, when considerations from stakeholder suggestions are made.

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      Why the rebasing

      The rationale behind the rebasing is to periodically change the price items that are based on a fixed basket of goods and services to reflect the current consumption patterns.

      Mr Asuo Afram, the Director of Economic Statistics, said, “We know that expenditure patterns have changed, so anytime expenditure patterns or consumer patterns change, there is need to increase the CPI to reflect the actual consumption goods and services”.

      He said this at a workshop organised by GSS to brief the media on the processes and mechanisms used in calculating the new rebased CPI figures.

      Features of new CPI

      The Director indicated that the new CPI takes its base year from 2017, up from the 2012 base year for the old one.

      He added that the new CPI had a national coverage with regional distribution, unlike the CPI of some West African countries, which were in regional bases alone.

      “The new CPI has a national coverage which means that we take the prices of goods and services from a sample of 44 markets nationwide,” he indicated.

      He added that the new CPI has a market ratio of 15:29 in terms of sample markets in the urban and rural centers.

      Mr Afram indicated that the number of price items of goods and services for the new CPI was 400,an increase from 267 from the old CPI.

      He explained that education and ICT equipment constituted majority of the new items that were added to the new basket.

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