Ghana Inflation July 2021

Ghana

Ghana: Inflation hits four month high in July

August 15, 2021

Consumer prices rose a seasonally-adjusted 1.63% from the previous month in July, picking up from June’s 0.30% increase. July’s result was mainly due to quicker price growth for food.

Inflation came in at 9.0% in July, up from June’s 7.8% result and marking the highest rate since March. Meanwhile, the trend pointed down, with annual average inflation coming in at 9.5% in July (June: 9.7%).

FocusEconomics panelists see inflation averaging 8.8% in 2021, which is unchanged from the previous month’s forecast, and 8.3% in 2022.


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Ghana Inflation July 2021

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


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