Ghana Inflation Rate Rises to 9.8% in May
Inflation rate in Ghana rose to 9.8 percent in May of 2018 from 9.6 percent in April, which was the smallest rate since December 2012, as prices advanced faster mainly for food and fuel. Still, the May figure was the second lowest since January 2013.
6/14/2018 12:05:41 PM
prices picked up for food & non-alcoholic beverages (7.6 percent compared to 7.4 percent in April) - mainly due to coffee, tea & cocoa (10.8 percent from 10.5 percent), fruits (9.9 percent from 9.9 percent), mineral water & soft drinks (9.3 percent from 8.8 percent), meat & meat products (9.1 percent from 8.8 percent), vegetables (8.1 percent from 7.9 percent) and oils & fats (8 percent from 7.3 percent) -; transport (10.3 percent compared to 9.5 percent); miscellaneous goods & services (12.8 percent compared to 12.3 percent); furnishings & household equipment (14 percent compared to 13 percent); recreation & culture (14.2 percent compared to 13.6 percent) and health (7.8 percent compared to 7.6 percent). Meanwhile, inflation was steady for housing & utilities (3.9 percent, the same as in April); clothing & footwear (17.2 percent) and restaurants & hotels (7.5 percent). In contrast, cost slowed slightly for education (8.5 percent compared to 8.6 percent); communication (7.9 percent compared to 8.0 percent) and alcoholic beverages, tobacco & narcotics (9.3 percent compared to 9.5 percent).
On a monthly basis, consumer prices went up 1 percent, from 0.9 percent in April.