Ghana Inflation Rate Steady at 17.4% in October


Consumer prices in Ghana increased by 17.40 percent year-on-year in October, the same as in the previous month, as more stability in the cedi exchange rate lowered import prices.

Compared to October 2014, prices food and non-alcoholic beverages rose by 7.8 percent, the same as in September. Non-food inflation slowed slightly to 23.0 percent from 23.2 percent in September: housing, water, electricity, gas and other fuels went up by 23.1 percent (+23.6 percent in September); clothing and footwear rose 24.5 percent (+24.9 percent in September) and education increased 28.8 percent (+29.6 percent in September). In contrast, prices of recreation and culture increased at a faster 29.9 percent (+27 percent in September); transport went up 25.7 percent (+23.8 percent) and furnishings rose 24.5 percent (+23.4 percent).

On a monthly basis, consumer prices increased 2.70, compared to a 0.1 percent drop in September. 

Ghana Inflation Rate Steady at 17.4% in October


Ghana Statistical Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/11/2015 5:27:42 PM