Ghana Inflation Rate Rises Further to 9.5% in April


The annual inflation rate in Ghana rose to 9.5 percent in April 2019 from 9.3 percent in the prior month. It is the highest inflation rate since last October, as prices advanced faster for non-food products (10.4 percent vs 9.7 percent in March) while food cost slowed (7.3 percent vs 8.4 percent).

Year-on-year, prices advanced faster for non-food products (10.4 percent vs 9.7 percent in March), of which housing & utilities (6 percent vs 2.1 percent); clothing & footwear (14.3 percent vs 13.3 percent); furnishing, household equipment and routine maintenance (12.8 percent vs 12.2 percent); miscellaneous goods & services (10 percent vs 9.4 percent); hotels, cafes & restaurants (8.1 percent vs 7.5 percent); alcoholic beverages & tobacco (8.7 percent vs 7 percent); health (5.9 percent vs 5 percent) and communications (6.7 percent vs 5.8 percent).

Meanwhile, inflation slowed for transport (13.2 percent vs 13.7 percent) and education (7.8 percent vs 8.4 percent) while it remained steady for recreation & culture (at 14.1 percent).

At the same time, cost increased at a softer pace for food & non-alcoholic beverages (7.3 percent vs 8.4 percent), namely mineral water, soft drinks, fruit and vegetable juices (9.5 percent vs 11.1 percent) and meat and meat products (8.3 percent vs 9.1 percent). On the other hand, coffee, tea and cocoa (13.7 percent vs 13.0 percent) and fruits (10.4 percent vs 10.2 percent) were more expensive.

On a monthly basis, consumer prices went up 1.1 percent compared to 1.2 percent in the prior month.

Ghana Inflation Rate Rises Further to 9.5% in April


Ghana Statistical Service | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
5/16/2019 1:30:29 PM