Ghana Inflation Rate Rises Slightly to 11.8% in December


Consumer prices in Ghana increased 11.8 percent year-on-year in December of 2017, following a 11.7 percent rise in the previous month mostly due to higher prices of food.

Year-on-year, food cost rose by 8.0 percent compared to 7.9 percent in November, namely boosted by vegetables (10.0 percent) and fish and sea food (8.8 percent). Also, cost advanced at a faster pace for: clothing and footwear (18.8 percent compared to 18.3 percent) ; housing and utilities (9.0 percent compared to 8.6 percent); transport (18.7 percent compared to 18.6 percent); communication (9.7 percent compared to 9.4 percent); recreation and culture (17.5 percent compared to 17.1 percent) and health (6.3 percent compared to 5.5 percent). Prices were unchanged for furnishings and household equipment (15.2 percent, the same as in November). Meanwhile, prices went up at a softer pace for: miscellaneous goods and services (13.6 percent compared to 14.0 percent); restaurants and hotels (9.8 percent compared to 10.7 percent) and education (8.2 percent compared to 8.8 percent).

On a monthly basis, consumer prices increased 1.0 percent, after a 0.9 percent gain in the prior month.

Ghana Inflation Rate Rises Slightly to 11.8% in December


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
1/10/2018 5:31:29 PM