Ghana Inflation Rate Down To 12.8% In March

Consumer prices in Ghana increased 12.8 percent year-on-year in March of 2017, from a 13.2 percent rise in February. The inflation fell for the sixth consecutive month to the lowest since September of 2013, mainly due to a slowdown in cost of transport and health.

Year-on-year, prices rose less for transport (15.3 percent from 23.3 percent in February) and health (15.8 percent from 17.1 percent). In contrast, inflation accelerated for food and non-alcoholic beverages (7.3 percent from 7.1 percent); housing and utilities (7.9 percent from 7.1 percent); clothing and footwear (18.2 percent from 17.8 percent) and miscellaneous goods and services (16.7 percent from 15.3 percent). 

On a monthly basis, consumer prices increased 1.3 percent, higher than 0.6 percent in February.

Joana Taborda |
4/12/2017 1:08:26 PM