Ghana Annual Inflation Rate Lowest Since 2012


The annual inflation rate in Ghana fell to 9.3 percent in November 2018 from 9.5 percent in the previous month. It remained the lowest inflation since December 2012, as cost of food and non-food slowed.

Year-on-year, prices eased for food and non-alcoholic beverages (8.6 percent compared to 8.9 percent in October), namely coffee, tea and cocoa (12.8 percent compared to 13.1 percent), fruits (11.0 percent compared to 11.4 percent) and vegetables (9.1 percent compared to 9.6 percent). Also, cost rose at a softer pace for clothing & footwear (12.6 percent compared to 13.4 percent); transport (13.7 percent compared to 13.9 percent); furnishing & household equipment (11.4 percent compared to 11.9 percent); communication (5.4 percent compared to 6.0 percent); health (6.6 percent compared to 7.0 percent) and alcoholic beverages & tobacco (8.1 percent compared to 8.5 percent). 

Meanwhile, prices increased further for housing & utilities (3.1 percent compared to 2.8 percent); miscellaneous goods & services (10.3 percent compared to 9.8 percent) and recreation & culture (13.3 percent compared to 12.7 percent). Additionally, inflation was steady for restaurant & hotels (5.9 percent, the same as in October) and education (8.2 percent). 

On a monthly basis, consumer prices went up 0.7 percent, unchanged from the prior month.

Ghana Annual Inflation Rate Lowest Since 2012


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
12/12/2018 12:29:26 PM