Ghana Inflation December 2019


Ghana: Inflation edges down in December

January 16, 2020

Consumer prices rose 0.3% in December, slowing from November’s 0.7% increase which had marked the highest reading since June. The reading largely reflected lower prices for food and non-alcoholic beverages offset by higher prices for housing and utilities, transport and education.

Inflation edged down to 7.9% in December, from a four-month high of 8.2% in November. As a result, it placed just below the midpoint of the Central Bank’s 6.0%–10.0% target band. Meanwhile, average annual inflation ticked down to a near six-year low of 8.5% in December, from 8.7% in the previous month.

FocusEconomics Consensus Forecast panelists expect inflation to average 9.1% in 2020, which is down 0.3 percentage points from last month’s forecast, and 8.5% in 2021.

Author:, Economist

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