Ghana Inflation Rate Picks Up to 10%

The inflation rate in Ghana edged up to 10 percent in June of 2018 from 9.8 percent in May. The inflation accelerated for the second straight month after reaching 9.6 percent in April, the lowest since December of 2012. Transportation was the only category showing a higher inflation rate.

Year-on-year, prices rose faster for transport (15.5 percent compared to 10.3 percent). On the other hand, inflation eased for food & non-alcoholic beverages (7.3 percent compared to 7.6 percent in May). Six subgroups recorded inflation rates higher than 7.3 percent: coffee, tea and cocoa (10.3 percent); fruits (9.6 percent); meat and meat products (8.7 percent); mineral waters and soft drinks (8.4 percent); vegetables (8.3 percent); while five subgroups showed a smaller inflation rate: fish and sea food (6.8 percent); oils and fats (6.5 percent); cereals (6.2 percent); sugar, jam, honey (6 percent9; and milk, cheese and eggs (5.8 percent). 

Inflation also slowed for housing & utilities (3.4 percent compared to 3.9 percent); clothing & footwear (16.1 percent compared to 17.2 percent); miscellaneous goods & services (12.7 percent compared to 12.8 percent); restaurants & hotels (7.2 percent compared to 7.5 percent); furnishings & household equipment (13.3 percent compared to 14 percent); education (8.4 percent compared to 8.5 percent); recreation & culture (13.8 percent compared to 14.2 percent); communication (7.2 percent compared to 7.9 percent); health (7.5 percent compared to 7.8 percent); and alcoholic beverages, tobacco & narcotics (9 percent compared to 9.3 percent).

On a monthly basis, consumer prices increased 1 percent, the same as in May.

Ghana Inflation Rate Picks Up to 10%

Ghana Statistical Service | Joana Taborda |
7/11/2018 1:36:50 PM