Ghana: Inflation inches up in October
November 12, 2015
In October, consumer prices increased 2.70% over the previous month, which contrasted the 0.13% drop tallied in Septemberand marked the highest reading in nine months. October’s increase was mainly driven by higher prices for food.
Inflation in October inched up from 17.3% in September to 17.4%, thus reaching a three-month high. As a result, inflation remains well above the Central Bank’s target of 8.0%. However, annual average inflation in October was stable at the previous month’s 17.0%.
Author: Dirina Mançellari, Senior Economist