Ghana Inflation Rate Slows to 9.6% in July

Annual inflation rate in Ghana eased to 9.6 % in July of 2018 from 10 % in the previous month. It was the lowest inflation rate since April, due to a slowdown in non-food prices.

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Year-on-year, cost slowed for clothing & footwear (15.4 % from 16.1 % in June); housing & utilities (3 % from 3.4 %); transport (15 % from 15.5 %); miscellaneous goods & services (12 % from 12.7 %); restaurant & hotels (5.8 % from 7.2 %); furniture & household equipment (12.5 % from 13.3 %); communication (6.7% from 7.2%); health (7.1% from 7.5%) and alcoholic beverages & tobacco (7.9% from 9%). Additionally, inflation was steady for education (8.4%, the same as in June) and prices fell for recreation & culture (-7.5% from 13.8%). On the other hand, prices advanced faster for food and non-alcoholic beverages (7.4% from 7.3%).

On a monthly basis, consumer prices went up 0.4%, following a 1% rise in June. 

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