Ghana Inflation


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.

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:, Economist

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Ghana Inflation Chart

Ghana Inflation March 2015

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

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