Ghana Inflation Rate Lowest Since July 2014


The annual inflation rate in Ghana eased to 15.5 percent in November of 2016 from 15.8 percent in the previous month. It was the lowest inflation rate since July of 2014, as cost for utility and services rose at a slower pace, while prices rose further for food and transport. On a monthly basis, consumer prices rose 0.8 percent.

Non-food inflation edged down to 18.7 percent (19.4 percent in the previous month) as cost increased at slower pace for recreation and culture (21 percent from 24 percent), housing and utilities (20.3 percent from 23.1 percent), furnishings and houselhold items (20.3 percent from 22.3 percent), education (25.7 percent from 25.8 percent), clothing and footwear (17.2 percent from 19.2 percent), and health (20 percent from 20.9 percent). Meanwhile, prices of food and non-alcoholic beverages items rose 9.3 percent from 8.7 percent in October namely mineral water, soft drinks, fruit by 14.1 percent; coffe, tea and cocoa by 14 percent; fish and sea food by 13.4 percent, meat and meat products by 13.3 percent. Additional upward pressure came from: transports (27.8 percent from 27.7 percent), miscellaneous goods and services (14.2 percent from 13.5 percent), hotels, cafés and restaurants (12.7 percent from 12 percent) and communication (10.1 percent from 9 percent).

On a monthly basis, consumer prices rose 0.8 percent, following a 2.7 percent growth in a month earlier. 

Ghana Inflation Rate Lowest Since July 2014


Ghana Statistical Service | Deborah Neves | deborah.neves@tradingeconomics.com
12/14/2016 2:01:27 PM