• The Consumer Price Index for March 2011 at 358.34 was 29.99 points above that of March 2010 with a percentage change of 1.11% between February 2011 and March 2011, implying that the cost of an average food basket increased by almost 30% between March 2010 and March 2011. The average food inflation for March was 4.7%, with mineral water, soft drinks and juices recording the highest inflation of 20.2%. The Upper East and Upper West Regions were among four regions in the country which recorded inflation rate above the national average of 9.3%.
• The nominal wholesale prices for 100kg bag of maize in Tamale is ¢38, down from ¢40 in February 2011. In Savelugu and Kumbungu, wholesale maize prices stabilized at their February 2011 level of ¢35 and ¢36 respectively. In Gushegu, one of the major grain producing areas which supplies Tamale, prices of staple cereals are much lower. These range from ¢30 for maize to ¢43.7 for millet, ¢30 for sorghum and ¢73.2 for rice.
• Labour-to-maize terms of trade increased to 7.1kg from 6.4 kg in February 2011 due to improved wages possibly in response to increased demand for land preparation and other activities associated with the commencement of the season.