Ghana Inflation


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%.

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%, which is unchanged from last month’s Consensus.

Author:, Senior Economist

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Ghana Inflation Chart

Ghana Inflation October 2015

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

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