Ghana Annual Inflation Rate Rises to 9.4% in December


The annual inflation rate in Ghana rose to 9.4 percent in December of 2018 from 9.3 percent in the previous month, as both food and non-food prices increased at a faster pace.

Year-on-year, cost advanced further for food and non-alcoholic beverages (8.7 percent compared to 8.6 percent in November), mainly coffee, tea and cocoa (13.5 percent compared to 12.8 percent) and fruits (11.4 percent compared to 11.0 percent). Additionally, prices went up at a faster pace for housing & utilities (3.4 percent compared to 3.1 percent); clothing & footwear (13.0 percent compared to 12.6 percent); furnishing & household equipment (11.6 percent compared to 11.4 percent); and restaurant & hotels (6.3 percent compared to 5.9 percent). 

On the other hand, prices eased for transport (13.6 percent compared to 13.7 percent); miscellaneous goods & services (10.0 percent compared to 10.3 percent); recreation & culture (13.2 percent compared to 13.3 percent); communication (5.1 percent compared to 5.4 percent); health (6.4 percent compared to 6.6 percent) and alcoholic beverages & tobacco (7.6 percent compared to 8.1 percent). Also, inflation was steady for and education (8.2 percent, the same as in November). 

On a monthly basis, consumer prices went up 1.1 percent, after a 0.7 percent gain in the prior month.

Ghana Annual Inflation Rate Rises to 9.4% in December


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
1/9/2019 3:28:10 PM