Ghana: Inflation eases slightly in February
March 16, 2016
In February, consumer prices increased 0.71% over the previous month, which was down from the 4.61% increase tallied in January, thus marking the slowest increase since September of last year. February’s increase was mainly driven by higher prices for food and non-alcoholic beverages.
Inflation in February eased from 19.1% in January to 18.5% in February. January’s reading had marked the highest level in nearly seven years. Inflation remains well above the Central Bank’s target of 8.0%. Moreover, annual average inflation in February ticked up from 17.4% in January to 17.6%.
Author: Dirina Mançellari, Senior Economist