Ghana Inflation September 2019


Ghana: Inflation inches down in September

October 16, 2019

Inflation edged down to 7.6% in September from 7.8% in August following a modification to the consumer price index base year from 2012 to 2018. Thus, inflation fell further below the midpoint of the Central Bank’s 6.0%–10.0% target band. According to the Ghana Statistical Service (GSS), September’s moderation largely reflected softer non-food price increases.

Meanwhile, average annual inflation decreased marginally to 9.1% in September from 9.2% in August and consumer prices fell 0.1% from the previous month in September.

FocusEconomics Consensus Forecast panelists expect inflation to average 9.4% in 2020, which is down 0.1 percentage points from last month’s forecast, and 8.4% in 2021.

Author:, Economist

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Ghana Inflation Chart

Ghana Inflation September 2019

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

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