Ghana’s Inflation Rate Picks Up to 11.9% In September


In September of 2013, Ghana’s annual inflation rate accelerated to 11.9 percent, after falling in August for the first time in eight months to 11.5 percent. However, on a monthly basis, prices fell 0.7 percent in September for the second month in a row.

Year-on-year, cost of food and non-alcoholic beverages increased 8.9 percent, 1.0 percentage points higher than the 7.9 percent recorded in August. Cereals, fish and seafood and meat recorded the highest annual increase (12.2 percent, 11.5 percent and 10.3 percent, respectively). 

In the non-food group, transport prices rose the most (27.7 percent), followed by cost of miscellaneous goods and services (16.3 percent), clothing and footwear (15.9 percent) and furnishing, household equipment and routine maintenance (15.1 percent). Inflation was lowest in the Communications subgroup (1.5 percent).

Ghana’s Inflation Rate Picks Up to 11.9% In September


Ghana Statistical Service | Joana Taborda | joana.taborda@tradingeconomics.com
10/14/2013 12:22:38 PM