Ghana Inflation August 2021

Ghana

Ghana: Inflation hits five month high in August

September 15, 2021

Consumer prices rose a seasonally-adjusted 0.27% from the previous month in August, waning markedly from July’s 1.63% increase. August’s result came amid falling prices for alcoholic beverages and tobacco, as well as slower price growth for transport .

Inflation came in at 9.7% in August, up from July’s 9.0% result and marking the highest rate since March. Meanwhile, the trend remained stable, with annual average inflation coming in at 9.5% again in August.

FocusEconomics panelists see inflation averaging 8.9% in 2021, which is up 0.1 percentage points from the previous month’s forecast, and 8.6% in 2022.


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Ghana Inflation August 2021 0

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


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