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.


Download inflation_feb.png  (PNG • 13 KB)

Articles sur le même thème


KPMG Tax Flash Alert

The government of Ghana has on 28 December 2019 amended the tax brackets for personal income earners, effective January 2020.

KPMG-2019 Mid-Year Budget Highlights

The midyear budget statement presented to Parliament by the Finance Minister, Hon Ken. Ofori-Atta, was a review of Government’s fiscal and...

Analyses & Studies

Inflation rises to 9.3% in March

Inflation for the month of March increased slightly to 9.3 per cent from the 9.2 per cent recorded in February.

Evénements sur le même thème

No event matches your search


Share this page Share on FacebookShare on TwitterShare on Linkedin

Training Agenda for 2020 !!!

Click on here for more information.