Ghana Inflation Rate Falls to Lowest Since 2012



Ghana's annual inflation rate dropped to 9.6 percent in April of 2018 from 10.4 percent in the previous month. It was the lowest inflation rate since December of 2012, mostly due to housing and utilities and transport.

Year-on-year, prices slowed for housing and utilities (3.9 percent compared to 7.3 percent in March); transport (9.5 percent compared to 18.4 percent) and communication (8.0 percent compared to 8.2 percent). In contrast, cost increased faster for food and non-alcholic beverages (7.4 percent compared to 7.3 percent), mainly milk, chesse and eggs (5.8 percent compared to 5.7 percent), fish and sea food (7.0 percent compared to 6.7 percent) and oils and fats (7.3 percent compared to 6.7 percent). Also, prices rose further for clothing and footwear (17.2 percent compared to 16.4 percent); miscellaneous goods and services (12.3 percent compared to 12.0 percent); restaurants and hotels (7.5 percent compared to 7.2 percent) and furnishings and household equipment (13.0 percent compared to 11.9 percent). Additionally, prices continued to rise for education (8.6 percent compared to 6.7 percent); recreation and culture (13.6 percent compared to 12.6 percent); health (7.6 percent compared to 7.3 percent) and alcoholic beverages, tobacco and narcotics (9.5 percent compared to 8.9 percent).

On a monthly basis, consumer prices edged up 0.9 percent, easing from a 1.1 percent gain in March.

Ghana Inflation Rate Falls to Lowest Since 2012


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/9/2018 3:21:34 PM