Ghana Inflation Rate Edges Higher to 9.2% in February

The annual inflation rate in Ghana rose to 9.2% in February 2019 from 9.0% in the previous month. Prices went up faster for both food (8.1% vs 8.0% in January) and non-food products (9.7% vs 9.5%).

Year-on-year, prices advanced faster for food & non-alcoholic beverages (8.1% vs 8.0% in January), with cost remaining elevated for mineral water, soft drinks, fruit and vegetable juices (9.9% vs 9.3%); coffee, tea and cocoa (11.6% vs 12.4%); fruits (10%, the same pace as in January) and meat and meat products (9.1% vs 9.8%). Meantime, inflation quickened for non-food products (9.7% vs 9.5%), of which: clothing & footwear (13.3% vs 12.8%); miscellaneous goods & services (10% vs 9.6%); hotels & restaurants (8.3% vs 6.7%); furnishing & household equipment (11.6% vs 11.2%); recreation & culture (13.2% vs 12.7%); communications (5.3% vs 5.2%) and alcoholic beverages & tobacco (8.8 percent vs 8.3 percent).

On the other hand, inflation was steady for health (at 5.3%) and slowed for housing & utilities (2.6% vs 2.9%); transport (12.8% vs 13.4%) and education (8.0% vs 8.1%).

On a monthly basis, consumer prices were up 1%, the same pace as in preceding month.