Ghana Annual Inflation Rate Slows to 9.8% in September


The annual inflation rate in Ghana fell to 9.8 percent in September of 2018 from 9.9 percent in the previous month, mainly due to a slowdown in non-food prices.

Year-on-year, prices eased for housing & utilities (3.0 percent compared to 3.3 percent in August); transport (14.4 percent compared to 15.1 percent); clothing & footwear (14.3 percent compared to 15.2 percent); miscellaneous goods & services (11.5 percent compared to 11.9 percent); furnishing & household equipment (12.4 percent compared to 12.6 percent); education (7.3 percent compared to 8.3 percent); communication (6.7 percent compared to 7.3 percent) and health (7.1 percent compared to 7.3 percent). 

On the other hand, cost of food and non-alcoholic beverages rose at a faster pace (8.7 percent compared to 7.9 percent), namely coffee, tea & cocoa (13.1 percent), fruits (11.3 percent) and meat & meat products (10.2 percent). Additonally, prices increased further for alcoholic beverages & tobacco (8.0 percent compared to 7.9 percent) and inflation was steady for restaurant & hotels (5.8 percent, the same as in August) and recreation & culture (13.9 percent, the same as in August).

On a monthly basis, consumer prices were unchanged.

Ghana Annual Inflation Rate Slows to 9.8% in September


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/17/2018 1:41:04 PM