Ghana Inflation Rate Edges Up to 13.5% in December

In December of 2013, Ghana annual inflation rate accelerated for the fourth straight month to 13.5 percent from 13.2 percent recorded in November. It is the highest rate in almost four years, mainly due to higher prices of water supply, electricity, transport, kerosene and gas.

Year-on-year, prices of housing, water, electricity, gas and other fuels rose the most (35 percent), followed by transport cost (25.6 percent) and miscellaneous goods and services (17.5 percent).

Food prices rose 7.2 percent, slightly down from 7.3 percent in the previous month and communication cost recorded the lowest growth rate (4.4 percent). 

On a monthly basis, prices accelerated to 1 percent on the back of higher food prices (0.6 percent). Cost of hotels, cafes and restaurants recorded the highest increase (1 percent).

Ghana Inflation Rate Edges Up to 13.5% in December

Joana Taborda |
1/15/2014 2:36:06 PM