Ghana Inflation Rate Up to 10% in February


In Ghana, the inflation rate increased to 10.0 percent in February of 2013, the highest value since 2010, mainly due to an increase in food, transport and housing prices.

The year-on-year inflation as measured by the CPI stood at 10.0 percent in February of 2013, up from the 8.8 percent recorded in January of 2013.

The monthly change rate for February of 2013 was 2.6 percent. Up from the 2.1 percent recorded in January of 2013.

The Food and non-alcoholic beverages group recorded an average year-on-year inflation rate of 5.3 percent, 1.4 percentage points higher than the 3.9 percent recorded in January of 2013. Eight subgroups of the food and non-alcoholic beverages group recorded inflation rates above the group’s average inflation rate of 5.3 percent.

The non-food group recorded a year-on-year inflation rate of 12.6 percent in February of 2013 compared to 11.5 percent recorded in January of 2013. Eight subgroups recorded year-on-year inflation rates above the group’s average rate. Alcoholic beverages, tobacco and narcotics recorded the highest rate of 15.9 percent, followed by Transport (15.8  percent) and Housing, water, electricity, gas and other utilities (15.5 percent). Inflation was lowest in the Communications subgroup (0.4%).

At the regional level, the year-on-year inflation rate ranged from 7.4 percent in the Western Region to 12.0 percent in the Northern Region. Four regions (Northern, Greater Accra, Ashanti and Brong Ahafo) recorded inflation rates above the national average of 10.0 percent.


Ghana Statistical Service | Joana Taborda | joana.taborda@tradingeconomics.com
3/13/2013 6:08:40 PM