Ghana Inflation August 2020

Ghana

Ghana: Inflation falls to lowest level since April in August

September 10, 2020

Consumer prices fell a seasonally-adjusted 0.41% in August over the previous month, swinging from the 0.50% rise logged in July. August's result marked the sharpest fall in prices since August 2016 and came on the back of marked falls in the prices for recreation, sport and culture as well as food and non-alcoholic beverages.

Inflation dropped to 10.5% in August, which was down from July’s 11.4%. August's result represented the lowest inflation rate since April. However, the trend pointed up, with annual average inflation coming in at 9.2% in August (July: 8.9%).

FocusEconomics panelists see inflation ending 2020 at 10.2%, which is unchanged from the previous month’s forecast. For 2021, our panelists expect inflation to end the year at 9.0%.


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Ghana Inflation August 20 20 0

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


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