Ghana Inflation Rate Continues to Rise


Annual inflation rate in Ghana increased to 17.9 percent in July of 2015, up from 17.1 percent rise in the previous month. It is the highest value since October of 2009, mainly driven by weak cedi and growing utility costs.

Food prices increased 7.6 percent, housing and utilities went up 27.1 percent, transport surged to 25.7 percent. Additional upward pressure came from clothing and footwear (+24.9 percent); miscellaneous goods and services (+ 19.1 percent); restaurants, cafes and hotels (+ 20.5 percent).

On a monthly basis, consumer prices rose 2.3 percent, accelerating from a 1.8 percent increase in June.

Ghana Inflation Rate Continues to Rise


Ghana Statistical Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
8/12/2015 2:09:30 PM