Ghana Inflation November 2018


Ghana: Inflation falls to a new over five-year low in November

December 12, 2018

Consumer prices rose 0.7% in November, unchanged from the previous month’s print. Meanwhile, inflation moderated to 9.3% in same month, from 9.5% in October, marking the lowest reading in over five years and edging closer to the midpoint of the Central Bank’s medium-term target band of 8.0% plus or minus 2.0 percentage points. Lastly, annual average inflation eased to a near five-year low of 10.0% in November from 10.2% in October.

Ghana Inflation Forecast

FocusEconomics Consensus Forecast panelists expect inflation to average 9.5% in 2019, which is up 0.3 percentage points from last month’s forecast, and 8.6% in 2020.

Author:, Research Team Manager

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Ghana Inflation Chart

Ghana Inflation November 2018 0

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

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