Ghana: December inflation rises to 9.3%

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December 2018 saw an increase in Ghana’s inflation rate from the previous 9.3% in November 2018 to 9.4%.

The rate for December according to the Statistical Service amounts to a percentage change in the Consumer Price Index (CPI) over the 12-month period, from December 2017 to December 2018.

Acting Deputy Government Statistician, David Yenukwa Kombat at a press conference in Accra stated that the monthly change rate for December 2018 was 1.1% as compared to 0.7% in November 2018.

He noted that the food and non-alcoholic beverages group recorded a year-on-year inflation rate of 8.7%.

This, he said, is a percentage point higher than the rate recorded in November 2018.

“Four subgroups of the food and non-alcoholic beverages group recorded inflation rate higher than the group’s average rate of 8.7%,” Mr Yenukwa Kombat explained.

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