Ghana Inflation Rate Lowest Since 2013


Consumer prices in Ghana increased 10.3 percent year-on-year in January of 2018, easing from a 11.8 percent gain in the previous month. It was the lowest inflation rate since January of 2013, mainly due to a slowdown in food and clothing and footwear prices.

Year-on-year, food cost slowed by 6.8 percent compared to 8.0 percent in December, namely boosted by vegetables (8.7 percent compared to 10.0 percent) and cereals (6.7 percent compared to 7.8 percent). In addition, prices rose at a softer pace for clothing and footwear (16.7 percent compared to 18.8 percent); housing and utilities (7.4 percent compared to 9.0 percent); transport (17.9 percent compared to 18.7 percent) and miscellaneous goods and services (12.7 percent compared to 13.6 percent). Also, prices advanced less for restaurants and hotels (8.9 percent compared to 9.8 percent); furnishings and household equipment (12.1 percent compared to 15.2 percent); education (5.5 percent compared to 8.2 percent); communication (7.3 percent compared to 9.7 percent) and recreation and culture (13.7 percent compared to 17.5 percent). On the other hand, cost went up further for health (7.2 percent compared to 6.3 percent). 

On a monthly basis, consumer prices increased 1.4 percent, following a 1.0 percent rise in the prior month.

Ghana Inflation Rate Lowest Since 2013


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
2/14/2018 2:31:49 PM