Ghana Inflation Rate Eases to 10.4% in March



Consumer prices in Ghana advanced 10.4 percent year-on-year in March of 2018, easing from a 10.6 percent rise in the prior month, mainly due to a slowdown in clothing and footwear and transport prices.

Year-on-year, cost increased at a softer pace for housing and utilities (7.3 percent compared to 7.8 percent in February); clothing and footwear (16.4 percent compared to 16.6 percent) and transport (18.4 percent compared to 18.9 percent). Also, prices rose less for miscellaneous goods and services (12.0 percent compared to 12.9 percent); restaurants and hotels (7.2 percent compared to 8.3 percent) and furnishings and household equipment (11.9 percent compared to 12.0 percent). In addition, cost eased for recreation and culture (12.6 percent compared to 13.2 percent) and health (7.3 percent compared to 7.4 percent). On the other hand, food prices went up faster (7.1 percent compared to 7.2 percent), mostly coffee, tea and cocoa (10.6 percent compared to 9.3 percent); meat (8.8 percent compared to 8.2 percent) and non-alcoholic beverages (8.7 percent compared to 8.3 percent). Additionally, cost advanced further for education (6.7 percent compared to 6.1 percent); communication (8.2 percent compared to 8.0 percent) and alcoholic beverages, tobacco and narcotics (8.9 percent compared to 8.8 percent).

On a monthly basis, consumer prices went up 1.1 percent, after a 0.9 percent gain in the previous month.

Ghana Inflation Rate Eases to 10.4% in March


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
4/11/2018 1:45:52 PM