Ghana Inflation Rate Slows to 9.6% in July


Annual inflation rate in Ghana eased to 9.6 percent in July of 2018 from 10 percent in the previous month. It was the lowest inflation rate since April, due to a slowdown in non-food prices.

Year-on-year, cost slowed for clothing & footwear (15.4 percent from 16.1 percent in June); housing & utilities (3 percent from 3.4 percent); transport (15 percent from 15.5 percent); miscellaneous goods & services (12 percent from 12.7 percent); restaurant & hotels (5.8 percent from 7.2 percent); furniture & household equipment (12.5 percent from 13.3 percent); communication (6.7 percent from 7.2 percent); health (7.1 percent from 7.5 percent) and alcoholic beverages & tobacco (7.9 percent from 9 percent). Additionally, inflation was steady for education (8.4 percent, the same as in June) and prices fell for recreation & culture (-7.5 percent from 13.8 percent). On the other hand, prices advanced faster for food and non-alcoholic beverages (7.4 percent from 7.3 percent).

On a monthly basis, consumer prices went up 0.4 percent, following a 1 percent rise in June. 

Ghana Inflation Rate Slows to 9.6% in July


Ghana Statistical Service | Agna Gabriel | agna.gabriel@tradingeconomics.com
8/20/2018 8:58:09 AM