Ghana Inflation Rate Up in March


The year-on-year inflation rate rose for the second month in a row to 10.4 percent, up from 10 percent recorded in February and 8.8 percent in January.

The year-on-year inflation as measured by the CPI stood at 10.4 percent in March of 2013, up from the 10  percent recorded in February of 2013.

The Food and non-alcoholic beverages group recorded an average year-on-year inflation rate of 5.5 percent, 0.2 percentage points higher than the 5.3 percent recorded in February of 2013. Eight subgroups of the food and non-alcoholic beverages group recorded inflation rates above the group’s average inflation rate of 5.5 percent.

The non-food group recorded a year-on-year inflation rate of 13.2 percent in March of 2013 compared to 12.6 percent recorded in February of 2013. Eight subgroups recorded year-on-year inflation rates above the group’s average rate. Miscellaneous goods and services recorded the highest rate of 16.5 percent followed by Transport (15.7 percent) and Clothing and footwear (15.3 percent). Inflation was lowest in Communications subgroup (0.4 percent).

At the regional level, the year-on-year inflation rate ranged from 8.2 percent in the Western Region to 12.2 percent in the Greater Accra Region. Three regions (Greater Accra, Ashanti and Northern) recorded inflation rates above the national average of 10.4 percent.

The monthly change rate for March of 2013 was 1.7 percent. The monthly rate recorded in February of 2013 was 2.6 percent.


Ghana Statistical Service | Joana Taborda | joana.taborda@tradingeconomics.com
4/12/2013 9:33:05 PM