Ghana Inflation


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.

FocusEconomics Consensus Forecast panelists expect inflation to end 2015 at 14.4%, which is up 0.1 percentage points from last month’s forecast. The panel sees inflation ending 2016 at 11.2%.

Author:, Senior Economist

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Ghana Inflation Chart

Ghana Inflation April 2015

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

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