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%.
Author: Dirina Mançellari, Senior Economist