Ghana Inflation Rate Accelerates Further


Ghanaian annual inflation rate continued its upward trend and rose to 15.9 percent in August of 2014 from 15.3 percent in the previous month, driven by higher transport, housing, water electricity, gas and other fuels cost.

Year-on-year, cost of housing, water, electricity and gas jumped 61.7 percent. Transport prices rose 38 percent, cost of alcoholic beverages and tobacco advanced 14.8 percent and health cost increased 14.6 percent. Food prices increased 5.1 percent.

On a monthly basis, consumer prices fell 0.2 percent, mainly driven by a 1.3 percent drop in cost of food and non-alcoholic beverages. Prices in hotels, cafes and restaurants decreased 0.1 percent.

Ghana Inflation Rate Accelerates Further


Joana Taborda | joana.taborda@tradingeconomics.com
9/10/2014 4:07:42 PM