Ghana Inflation March 2022

Ghana

Ghana: Inflation comes in at highest level since August 2009 in March

April 13, 2022

Consumer prices increased a seasonally-adjusted 4.05% from the previous month in March, accelerating from February's 2.33% rise. March's jump was the highest reading since January 2016. The largest spikes were registered in transportation and food prices.

Inflation rose to 19.3% in March, following February’s 15.7%. March's figure was the highest inflation rate since August 2009. Annual average inflation rose to 11.6% in March (February: 10.8%).

Our panelists see inflation averaging 11.6% in 2022, which is up 0.7 percentage points from last month’s forecast, and 9.5% in 2023.


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Ghana Inflation March 2022

Note: Annual and monthly variation of consumer price index in %.
Source: Ghana Statistical Service.


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