Ghana: Inflation drops to lowest level since October 2022 in April
Inflation eased to 41.1% in April below March’s 45.0%. April’s figure represented the lowest inflation rate since October 2022. Looking at the details of the release, prices for food and beverages, transport and housing and utilities grew at a softer rates in April. Meanwhile, imported inflation remained superior to locally produced price pressures.
The trend pointed up, with annual average inflation coming in at 41.8% in April (March: 40.4%).
Finally, consumer prices increased a seasonally adjusted 2.34% over the previous month in April, swinging from March’s 1.24% fall. April’s uptick was the highest reading since December 2022.