World Economy

Ghana Inflation Rising

Ghana Inflation RisingGhana Inflation Rising

The headline inflation rate rose to 16.8 percent in April 2015 from 16.6 the previous month, due to rising utility and fuel cost, GhanaWeb quoted the Ghana Statistical Service as saying. The jump in the rate, which represents 0.2 percentage points, shows the upward trend since the beginning of 2015 as depreciation of the local currency continues to push import prices up. Compared to April 2014, housing, water, electricity, gas and other fuel prices rose 25% -- pushing up non-food products cost to 23.2% from 23.1% in March, while food prices increased by 7.2%.