Ghana Inflation October 2021

Ghana

Ghana: Inflation hits over one-year high in October

November 10, 2021

Consumer prices rose a seasonally-adjusted 0.61% from the previous month in October, ticking down from September’s 0.64% increase. October’s result was chiefly due to slower price growth for food.

Inflation came in at 11.0% in October, up from September’s 10.6% result and marking the highest rate since July 2020. Meanwhile, the trend remained pointed up, with annual average inflation coming in at 9.6% (September 9.5%).

FocusEconomics panelists see inflation averaging 9.2% in 2022, which is up 0.3 percentage points from last month’s projection, and 9.0% in 2023.


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Ghana Inflation October 2021

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


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