Ghana Inflation Rate At Near 4-Year Low of 12.1%

The inflation rate in Ghana decreased to 12.10 percent in June of 2017 from 12.6 percent in May. It is the lowest reading since September of 2013 as inflation slowed both for food (6.2 percent from 6.3 percent) and non-food (15.1 percent from 15.8 percent). The country expects inflation to reach 11.2 percent by the end of 2017, in order to restore macroeconomic stability under a three year assistance programme with IMF.

Year-on-year, prices slowed for: food and non-alcoholic beverages (6.2 percent vs 6.3 percent in May); housing and utilities (7.1 percent vs 7.4 percent); transport (23.1 percent 23.6 percent); miscellaneous goods and services (15.4 percent vs 16.4 percent); hotels and restaurants (12 percent vs 12.8 percent); furniture and household equipment (20.6 percent vs 20.7 percent); education (11 percent vs 14 percent); recreation and culture (20.8 percent vs 21.4 percent); communication (11.1 percent vs 11.3 percent); health (14.3 percent vs 14.9 percent) and alcoholic beverages and tobacco (11.7 percent vs 12.7 percent).

In contrast, cost rose faster for clothing and footwear (16.6 percent vs 16.5 percent).

On a monthly basis, consumer prices went up 0.9 percent, following a 0.7 percent rise in May. 

Ghana Inflation Rate At Near 4-Year Low of 12.1%

Ghana Statistical Service | Luisa Carvalho |
7/14/2017 3:59:54 PM