Ghana Inflation March 2017

Ghana

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.

FocusEconomics Consensus Forecast panelists expect inflation to average 12.1% in 2017, which is unchanged from last month’s forecast. The panel sees inflation at 9.7% in 2018.


Author:, Economist

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Ghana Inflation Chart


Ghana Inflation March 2017

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


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