The annual inflation rate in Ghana fell to 9.1 percent in June 2019 from 9.4 percent in the previous month. It was the lowest inflation rate since January, as prices rose slightly less for both food and non-food products.

Year-on-year , prices slowed for food & non-alcoholic beverages (6.5 percent vs 6.7 percent in May), of which oils & fats (4.8 percent vs 5.2 percent); mineral water, soft drinks, fruit and vegetable juices (7.2 percent vs 8 percent); fish and sea food (5.4 percent vs 5.9 percent); vegetables (8.2 percent vs 8.4 percent) and fruits (10.7 percent vs 10.9 percent).

Meantime, inflation dropped for non-food products (10.3 percent vs 10.6 percent), as cost rose less for transport (6.9 percent vs 12.5 percent) and increased at the same pace for education (6.2 percent) and recreation & culture (15.0 percent).

In contrast, prices went up at a faster pace for other items such as housing & utilities (6.8 percent vs 6.5 percent); clothing & footwear (15.2 percent vs 15.0 percent); miscellaneous goods & services (11.3 percent vs 9.5 percent) and hotels, cafes & restaurants (9.5 percent vs 9.2 percent).

On a monthly basis , consumer prices increased 0.8 percent, following a 0.9 percent rise in the previous month. It was the lowest monthly inflation rate since November last year.
Ghana Statistical Service

Credit: Trading Economics

(By Luisa Carvalho)