Ghana Inflation Rate at 3-Month High of 17.2%
The annual inflation in Ghana rose to 17.2 percent in September of 2016, from 16.9 percent in a month earlier. It was the highest reading since July mostly boosted by cost of non-food imported items (18.7 percent from 17.3 percent in August).
Compared to September 2015, prices of food and non-alcoholic beverages items rose 9 percent from 8.5 percent in August, namely mineral water, soft drinks, fruit by 16.2 percent; coffee, tea and cocoa 16 percent; sugar, jam, honey, chocolate by 13 percent; meat and meat products by 13.1 percent. Non-food inflation edged up to 21.6 percent (21.5 percent) as cost went up for transport (27.3 percent from 27.4 percent); housing and utilities (28 percent from 28.1 percent); clothing and footwear (23.2 percent from 22.8 percent); recreation and culture (27.6 percent from 27.2 percent); furnishings and household items (23 percent from 22 percent); education (32.5 percent from 34.1 percent); miscellaneous goods and services (31.1 percent from 14.2 percent); health (15.4 percent from 14.2 percent); hotels, cafes and restaurants (16.1 percent from 15.1 percent) and communication (11.3 percent from 12 percent).
On a monthly basis, consumer prices edged down 0.1 percent, following a 0.6 percent decline in a month earlier.
10/12/2016 5:39:23 PM