Ghana Inflation May 2021


Ghana: Inflation drops to near eight-year low in May

June 9, 2021

Consumer prices rose a seasonally-adjusted 0.78% from the previous month in May, slowing down from April’s 1.54% increase. May’s result largely reflected slower price growth for housing and utilities and for transport.

Inflation came in at 7.5% in May, down from April’s 8.5% and marking the lowest level since August 2013. Consequently, the trend pointed down, with annual average inflation coming in at 10.0% in May (April: 10.3%).

FocusEconomics panelists see inflation averaging 8.8% in 2021 which is up 0.2 percentage points from the previous month’s forecast, and 8.3% in 2022.


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Ghana Inflation Chart

Ghana Inflation May 2021

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

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