Ghana Inflation Rate at 6-Year Low of 9% in January


The annual inflation rate in Ghana eased to 9 percent in January of 2019 from 9.4 percent in the prior month. It is the lowest inflation rate since December 2012, as prices slowed for both food (8.0% vs 8.6% in December) and non-food products (9.5% vs 9.8%).

Year-on-year, inflation slowed primarily for food & non-alcoholic beverages (8.0 percent vs 8.7 percent in December), including coffee, tea and cocoa (12.4 percent vs 13.5 percent) and fruits (10 percent vs 11.4 percent) and housing & utilities (2.9 percent vs 3.4 percent). Also, prices rose at a slower pace for: clothing & footwear (12.8 percent vs 13 percent); transport (13.4 percent vs 13.6 percent); miscellaneous goods & services (9.6 percent vs 10 percent); furnishing & household equipment (11.2 percent vs 11.6 percent); education (8.1 percent vs 8.2 percent); recreation & culture (12.7 percent vs 13.2 percent) and health (5.3 percent vs 6.4 percent).

In contrast, cost advanced faster for hotels, cafes and restaurants (6.7 percent vs 6.3 percent); communication (5.2 percent vs 5.1 percent) and  alcoholic beverages & tobacco (8.3 percent vs 7.6 percent).

On a monthly basis, consumer prices went up 1.0 percent, following a 1.1 percent gain in the preceding month.

Ghana Inflation Rate at 6-Year Low of 9% in January


Ghana Statistical Service | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
2/13/2019 2:41:53 PM