Ghana’s inflation rate rose to 5.0 percent in August from 4.6 percent in July, as higher non-food prices offset a slight easing in food inflation, according to the Ghana Statistical Service.
The 0.4 percentage point increase marks a renewed rise in consumer prices after inflation had fallen for four consecutive months. However, the August rate remained below the 5.5 percent recorded in the same month last year.
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The latest increase was largely driven by non-food items, whose inflation rate rose to 6.8 percent from 6.1 percent in July. Higher oil prices linked to the conflict in the Middle East pushed up transport and utility costs, adding to pressure on households.
Housing, water and energy were the biggest contributors to overall inflation, accounting for 29.4 percent, followed by food and beverages at 29.1 percent.
