Ghana Inflation Rate at Nearly 6-1/2 Year High


Annual inflation rate in Ghana accelerated to 19.2 percent in March of 2016 from 18.5 percent in the previous month. It is the highest figure since August 2009, mainly due to a jump in price of transport.

Year-on-year, cost of transport (40 percent from 30.4 percent in February) and clothing and footwear (21 percent from 19.4 percent) rose at a faster pace. In contrast, prices of housing, water, electricity and gas (39.6 percent from 41 percent); miscellaneous goods and services (18.3 percent from 19.7 percent) and hotels, cafes and restaurants (15.9 percent from 16.9 percent) increased at a slower pace. Meantime, food inflation remained steady at 8.3 percent.

On a monthly basis, consumer prices increased 1.7 percent compared to a 0.7 percent rise in February.  Transport prices went up by 8.3 percent; food by 0.7 percent; housing, water, electricity, gas and other fuels by 0.6 percent and clothing and footwear by 1.5 percent. 

Ghana Inflation Rate at Nearly 6-1/2 Year High


Ghana Statistical Service | Mojdeh Kazemi | mojdeh@tradingeconomics.com
4/13/2016 3:24:21 PM