Ghana Inflation September 2018


Ghana: Inflation inches down in September

October 17, 2018

Consumer prices came in flat from the previous month in September, matching August’s print. Eight out of the 12 sub-components recorded higher prices, two saw a fall in prices, while the remaining two were flat. Education registered the biggest upturn in prices, while food and non-alcoholic beverages saw the largest price drop.

Inflation inched down to 9.8% in September, from 9.9% in August. Thus, it remains within the Central Bank’s medium-term target band of 8.0% plus or minus 2.0 percentage points. Meanwhile, annual average inflation edged down to an over four-year low of 10.4% in September, from 10.6% in August.

FocusEconomics Consensus Forecast panelists expect inflation to average 9.5% in 2019, which is up 0.3 percentage points from last month’s forecast, and 8.6% in 2020.


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Ghana Inflation Chart

Ghana Inflation September 2018

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

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