Ghana Inflation Rate Up to 10.6% in April

In April, the year-on-year inflation rate rose for the third month in a row to 10.6 percent, mainly due to the currency depreciation and the effects from the removal of fuel subsidies in February.
Joana Taborda | 5/15/2013 7:41:55 PM

In April, the annual inflation rate rose to 10.6 percent, from 10.4 percent in March, the highest value since May of 2010.

Year-on-year, the highest increases were recorded in prices for miscellaneous goods and services (up by 15.6 percent), transports (increased by 14.7 percent), prices for education and clothing and footwear (both up by 14.1 percent).

The index for food and non-alcoholic beverages increased by 6.4 percent, from 5.5 percent in the previous month, and mainly boosted by costs of mineral water, soft drinks and juices.

On a month-over-month basis, inflation rate reached 1.8 percent, versus 1.7 percent in the previous month.

Ghana Inflation Rate Up to 10.6% in April