Ghana Inflation Rate at 6-Year High


Annual inflation rate in Ghana increased to 17.1 percent in June of 2015, up from 16.9 percent rise in the previous month. It is the highest value since October of 2009, mainly driven by weak cedi and growing transportation costs.

Food prices increased 7.4 percent, transport surged to 25.5 percent, housing and utilities went up 24.8 percent. Additional upward pressure came from clothing and footwear (+24.3 percent); miscellaneous goods and services (+ 19.2 percent); restaurants, cafes and hotels (+ 19.8 percent).

On a monthly basis, consumer prices rose 1.8 percent, accelerating from a 1 percent increase in May.

Ghana Inflation Rate at 6-Year High


Ghana Statistical Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
7/16/2015 8:01:30 AM