Ghana annual inflation rate increased even further to 14.5 percent in March of 2014. Consumer prices accelerated for the seventh consecutive month, recording the highest inflation rate since February of 2010.
The year-on-year inflation accelerated from 14.0 percent in the previous month and 10.8 percent a year earlier, mainly due to higher cost of housing, water and electricity (+43.8 percent), transport (27.3 percent), clothing and footwear (16.7 percent), health (13.4 percent), recreation and culture (13.8 percent), food and non-alcoholic beverages (8.2 percent).
On a month-on-month basis, the CPI increased by 0.9 percent in March of 2014, compared with 1.1 percent in the previous month, and 0.5 percent a year earlier.
4/9/2014 4:34:59 PM