Ghana: Inflation inches up in March
April 22, 2015
In March, consumer prices increased 1.1% over the previous month, which was slightly below the 1.2% rise tallied in February and marked the lowest print in three months. March’s increase reflected higher prices for all of the sub-components that comprise the index. The largest price increases were recorded in the categories of health, alcoholic beverages and in housing, water, electricity and gas.
Annual headline inflation inched up from 16.5% in February to 16.7% in March. 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 February’s 15.9% to 16.1% in March.
Author: Cecilia Simkievich, Economist