Ghana Inflation Rate Edges Higher to 9.2% in February


The annual inflation rate in Ghana rose to 9.2 percent in February 2019 from 9.0 percent in the previous month. Prices went up faster for both food (8.1% vs 8.0% in January) and non-food products (9.7% vs 9.5%).

Year-on-year, prices advanced faster for food & non-alcoholic beverages (8.1 percent vs 8.0 percent in January), with cost remaining elevated for mineral water, soft drinks, fruit and vegetable juices (9.9 percent vs 9.3 percent); coffee, tea and cocoa (11.6 percent vs 12.4 percent); fruits (10 percent, the same pace as in January) and meat and meat products (9.1 percent vs 9.8 percent). Meantime, inflation quickened for non-food products (9.7 percent vs 9.5 percent), of which: clothing & footwear (13.3 percent vs 12.8 percent); miscellaneous goods & services (10 percent vs 9.6 percent); hotels & restaurants (8.3 percent vs 6.7 percent); furnishing & household equipment (11.6 percent vs 11.2 percent); recreation & culture (13.2 percent vs 12.7 percent); communications (5.3 percent vs 5.2 percent) and alcoholic beverages & tobacco (8.8 percent vs 8.3 percent).

On the other hand, inflation was steady for health (at 5.3 percent) and slowed for housing & utilities (2.6 percent vs 2.9 percent); transport (12.8 percent vs 13.4 percent) and education (8.0 percent vs 8.1 percent).

On a monthly basis, consumer prices were up 1 percent, the same pace as in preceding month.

Ghana Inflation Rate Edges Higher to 9.2% in February


Ghana Statistical Service | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
3/19/2019 10:48:49 AM