Ghana Inflation October 2020


Ghana: Inflation declines to lowest level since March in October

November 12, 2020

Consumer prices rose a seasonally-adjusted 0.21% in October over the previous month, swinging from September's 0.20% drop. The print reflected a notable uptick in recreation, sport and culture; housing, equipment and maintenance; and transport prices.

Inflation edged down to 10.1% in October, easing slightly from September’s 10.4%. October's reading marked the lowest inflation rate since March. In addition, the trend pointed down, with annual average inflation coming in at 8.3% in October (September: 9.4%).

FocusEconomics panelists see inflation ending 2021 at 9.0%. For 2022, our panelists expect inflation to end the year at 8.5%.


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Ghana Inflation Chart

Ghana Inflation October 20 20

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

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