Ghana Annual Inflation Rate Rises to 9.9% in August


The annual inflation rate in Ghana increased to 9.9 percent in August of 2018 from 9.6 percent in July, as both food and non-food inflation rose.

Year-on-year, prices advanced further for food and non-alcoholic beverages (7.9 percent compared to 7.4 percent in July), namely coffee, tea & cocoa (11.3 percent), fruits (10.6 percent) and meat & meat products (10.0 percent). Additonally, prices went up faster for transport (15.1 percent compared to 15.0 percent); housing & utilities (3.3 percent compared to 3.0 percent); furnishing & household equipment (12.6 percent compared to 12.5 percent); communication (7.3 percent compared to 6.7 percent) and health (7.3 percent compared to 7.1 percent). Also, cost of recreation & culture rebounded (13.9 percent compared to -7.5 percent).

Meanwhile, prices eased for clothing & footwear (15.2 percent compared to 15.4 percent); miscellaneous goods & services (11.9 percent compared to 12.0 percent) and education (8.3 percent compared to 8.4 percent). In addition, inflation was steady for restaurant & hotels (at 5.8 percent, the same as in July) and alcoholic beverages & tobacco (at 7.9 percent). 

On a monthly basis, consumer prices were unchanged, after a 0.4 percent gain in July.

Ghana Annual Inflation Rate Rises to 9.9% in August


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/12/2018 3:55:15 PM