Ghana Inflation December 2017


Ghana: Inflation edges up in December

January 10, 2018

Consumer prices rose 1.0% over the previous month in December, marginally up from a 0.9% month-on-month increase in November. There was an across-the-board jump in prices, barring prices for education, which came in flat. Recreation and culture recorded the biggest increase in prices.

Inflation came in at 11.8% in December, inching up from 11.7% in November. It remains above the Central Bank’s medium-term inflation target of 8.0% plus or minus 2.0%. Meanwhile, annual average inflation fell from 12.7% in November to 12.4% in December.

FocusEconomics Consensus Forecast panelists expect inflation to average 10.5% in 2018, which is down 0.1 percentage points from last month’s forecast, and 9.5% in 2019.


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Ghana Inflation Chart

Ghana Inflation December 2017

Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Ghana Statistical Service (GSS)

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