Ghana Inflation Rate at 14% in February

Ghanaian consumer prices kept its upward trend and rose 14 percent in February of 2014, up from 13.8 percent in January. The inflation rose for the sixth straight month, driven by higher fuel prices, mainly kerosene and transport and dairy costs.

Non-food inflation rate accelerated to 19 percent in February, compared to 18.9 percent in January 2014. Housing, water, electricity, gas and other fuels recorded the highest rate of 38.9 percent followed by transport prices (26.8 percent). 

Food prices rose 7.5 percent on the year, due to cost of cheese, milk and eggs.

On a monthly basis, consumer prices increased 1.1 percent, slowing from 3.9 percent a month earlier. 

Ghana Inflation Rate at 14% in February

Joana Taborda |
3/13/2014 2:48:34 PM