Ghana Inflation Rate Slows to 18.7% in April


Annual inflation in Ghana eased to 18.7 percent in April of 2016 from 19.2 percent in March, due to slower rise in cost of housing and utilities, food and transport.

Compared to April 2015, prices of food and non-alcoholic beverages (8.3 percent from 8.4 percent); housing and utilities (35.8 percent from 39.6 percent); transport (40 percent from 40.4 percent); clothing and footwear (21 percent from 23 percent) and education (27.7 percent from 30.9 percent) went up at a slower pace. Meantime, cost of miscellaneous goods and services (18.3 percent from 14.8 percent); hotels, cafes and restaurants (15.9 percent from 14.4 percent); furnishings and household items (22.9 percent from 21.5 percent); recreation and culture (26.7 percent from 28.1 percent)  and communication (13.6 percent from 12.9 percent) increased faster. Cost of health (13.7 percent from 13.7 percent) rose at the same pace.


On a monthly basis, consumer prices rose 1.4 percent, following a 1.7 percent increase in the previous month. Food prices went up 1.5 percent, housing and utilities rose 0.8 percent, transport increase 0.7 percent.

Ghana Inflation Rate Slows to 18.7% in April


Mojdeh | mojdeh@tradingeconomics.com
5/11/2016 4:51:50 PM