Ghana Inflation Rate Ticks Up to 9.3% in March

The annual inflation rate in Ghana edged up to 9.3 percent in March of 2019 from 9.2 percent in the prior month. It is the highest inflation rate since December, driven by prices of both food and non-food products.

Year-on-year, inflation quickened mainly for food & non-alcoholic beverages (8.4 percent vs 8.1 percent in February), essentially coffee, tea and cocoa (13 percent vs 11.6 percent); mineral water, soft drinks, fruit and vegetable juices (11.1 percent vs 9.9 percent); fruits (10.2 percent vs 10 percent) and meat and meat products (9.1 percent, the same as in the prior month). Also, prices remained elevated for non-food products (9.7 percent, the same pace as in February), namely clothing & footwear (13.3 percent, the same pace as in February); transport (13.7 percent vs 12.8 percent); furnishing, household equipment and routine maintenance (12.2 percent vs 11.6 percent) and recreation & culture (14.1 percent vs 13.2 percent).

In contrast, cost slowed for housing & utilities (2.1 percent vs 2.6 percent).

On a monthly basis, consumer prices went up 1.2 percent, following a 1.0 percent increase in February.

Ghana Inflation Rate Ticks Up to 9.3% in March

Ghana Statistical Service | Luisa Carvalho |
4/12/2019 3:12:43 PM