Ghana Inflation Rate at 17% in November
Ghana’s annual inflation rate rose marginally to 17 percent in November of 2014 from 16.9 percent in October, staying above the central bank’s 11 percent to 15 percent target range for the fifth consecutive month.
12/10/2014 2:07:49 PM
Year - on year, cost of housing, water, power and gas recorded the highest increase (+36.2 percent), followed by transport prices (+30.2 percent). Additional upward contributions came from recreation and culture (+21.4 percent), clothing and footwear (+17.7 percent), health (+17.5 percent) and alcoholic and tobacco (+16.8 percent). Food prices rose 6.6 percent.
For 2015, the government targets the inflation to around 11.5 percent.