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Ghana Inflation Rate Rises Further to 9.5% in April

The annual inflation rate in Ghana rose to 9.5% in April 2019 from 9.3% in the prior month.

It is the highest inflation rate since last October, as prices advanced faster for non-food products (10.4% vs 9.7% in March) while food cost slowed (7.3% vs 8.4%). 

Year-on-year, prices advanced faster for non-food products (10.4% vs 9.7% in March), of which housing & utilities (6 percent% vs 2.1%); clothing & footwear (14.3% vs 13.3%); furnishing, household equipment and routine maintenance (12.8% vs 12.2%); miscellaneous goods & services (10% vs 9.4%); hotels, cafes & restaurants (8.1% vs 7.5%); alcoholic beverages & tobacco (8.7% vs 7%); health (5.9% vs 5 percent%) and communications (6.7% vs 5.8%).

Meanwhile, inflation slowed for transport (13.2% vs 13.7%) and education (7.8% vs 8.4%) while it remained steady for recreation & culture (at 14.1%).

At the same time, cost increased at a softer pace for food & non-alcoholic beverages (7.3% vs 8.4%), namely mineral water, soft drinks, fruit and vegetable juices (9.5% vs 11.1%) and meat and meat products (8.3% vs 9.1%). On the other hand, coffee, tea and cocoa (13.7% vs 13.0%) and fruits (10.4% vs 10.2%) were more expensive.

On a monthly basis, consumer prices went up 1.1% compared to 1.2% in the prior month.

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