Ghana Inflation Rate Edges Up to 10.6% in February



Consumer prices in Ghana increased 10.6 percent year-on-year in February of 2018, following a 10.3 percent rise in the previous month. Prices advanced faster mainly due to food and non-alcoholic beverages and housing and utilities.

Year-on-year, food cost rose further by 7.2 percent compared to 6.8 percent in January, namely fruits (9.8 percent compared to 9.2 percent) and coffee, tea and cocoa (9.3 percent compared to 8.2 percent). Additionally, prices went up at a faster pace for housing and utilities (7.8 percent compared to 7.4 percent); transport (18.9 percent compared to 17.9 percent) and miscellaneous goods and services (12.9 percent compared to 12.7 percent). Also, cost continued to increase for education (6.1 percent compared to 5.5 percent); communication (8.0 percent compared to 7.3 percent) and health (7.4 percent compared to 7.2 percent). Meanwhile, prices slowed for clothing and footwear (16.6 percent compared to 16.7 percent); restaurants and hotels (8.3 percent compared to 8.9 percent) and furnishings and household equipment (12.0 percent compared to 12.1 percent). In addition, cost eased for recreation and culture (13.2 percent compared to 13.7 percent) and alcoholic beverages, tobacco and narcotics (8.8 percent compared to 8.9 percent).

On a monthly basis, consumer prices increased 0.9 percent, after a 1.4 percent gain in the prior month.

Ghana Inflation Rate Edges Up to 10.6% in February


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
3/14/2018 1:21:06 PM