Ghana Inflation April 2016

Ghana

Ghana:

May 11, 2016

In April, consumer prices increased 1.40% over the previous month, which was down from the 1.65% increase tallied in March. April’s rise reflected higher prices for several components of the price index, particularly for food and non-alcoholic beverages. However, the monthly reading eased as several other categories, especially transport, recorded slower price increases.

Inflation eased from March’s over-six-year high of 19.2% to 18.7% in April. Nevertheless, inflation remains well above the Central Bank’s target of 8.0%. Moreover, annual average inflation in April ticked up from 17.8% in March to 17.9%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2016 at 16.6%, which is up 0.1 percentage points from last month’s forecast. The panel sees inflation ending 2017 at 12.7%.


Author: Teresa Kersting, Economist

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Ghana Inflation April 2016 0

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Ghana Statistical Service (GSS)


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