Ghana: Inflation inches up in April
May 20, 2015
In April, consumer prices increased 1.80% over the previous month, which was slightly up from the 1.05% rise tallied in March and marked a three-month high. April’s increase reflected higher prices for food and housing.
Headline inflation inched up from 16.7% in March to 16.8% in April, thus marking the highest reading in four months. As a result, inflation is still well above the Central Bank’s target of 8.0%. In line with the mild increase in annual figures, annual average inflation inched up from March’s 16.1% to 16.3% in April.
Author: Dirina Mançellari, Senior Economist