Ghana: Inflation inches up in December
January 20, 2016
In December, consumer prices increased 1.07% over the previous month, which followed the 1.08% increase tallied in November. Last month’s figure had marked the highest reading in nine months. December’s increase was mainly driven by higher prices for food.
Inflation in December inched up from 17.6% in November to 17.7%, thus reaching a five-month high. Inflation remains well above the Central Bank’s target of 8.0%. Moreover, annual average inflation in December ticked up from 17.1% in November to 17.2%.
Author: Dirina Mançellari, Senior Economist