Ghana: Inflation continues to drift down in March
April 12, 2017
Consumer prices in Ghana increased 1.25% in March compared to the previous month, up from February’s 0.63%. Prices rose across the board, with the recreation and culture and hotels, cafes and restaurants sectors recording the largest monthly increases.
Inflation dipped from 13.2% in February to 12.8% in March, marking a multi-year low. However, inflation still remains above the Central Bank’s 6.0%-10.0% target band. Annual average inflation dipped from 16.5% in February to 16.0% in March.
Author: Oliver Reynolds, Economist