Ghana Inflation April 2020

Ghana

Ghana: Inflation hits highest level since February 2018

May 13, 2020

Consumer prices increased a seasonally-adjusted 3.2% in April over the previous month, accelerating from March's 0.80% rise. April's result was the sharpest increase in prices since January 2016.

Inflation came in at 10.6% in April, up from March’s 7.8%. April's reading was the highest inflation rate since February 2018. Meanwhile, the trend pointed up, with annual average inflation coming in at 8.4% in April (March: 8.3%).

FocusEconomics Consensus Forecast panelists expect inflation to average 8.7% in 2020, which is unchanged from last month’s forecast. In 2021, they see inflation averaging 8.6%


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Ghana Inflation April 20 20 0

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


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