Ghana Inflation


Ghana: Inflation inches up in November

December 10, 2015

In November, consumer prices increased 1.08% over the previous month, which followed the 2.68% increase tallied in October. Last month’s figure had marked the highest reading in nine months. November’s increase was mainly driven by higher prices for food.

Inflation in November inched up from 17.4% in October to 17.6%, thus reaching a four-month high. Inflation remains well above the Central Bank’s target of 8.0%. Moreover, annual average inflation in November ticked up from 17.0% in October to 17.1%.

FocusEconomics Consensus Forecast panelists expect inflation to end 2016 at 14.4%, which is up 0.1 percentage points from last month’s forecast. The panel sees inflation ending 2017 at 11.2%.

Author:, Senior Economist

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Ghana Inflation Chart

Ghana Inflation November 2015

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

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