Ghana: Inflation increases to six-month high in April
May 16, 2019
Consumer prices rose 1.1% over the previous month in April, following a 1.2% month-on-month increase in March. The reading largely reflected markedly higher prices for clothing and footwear, and miscellaneous goods and services, which more than offset lower prices for health.
Meanwhile, inflation edged up from 9.3% in March, to 9.5% in April, marking the highest reading in six months. Nevertheless, inflation remained within the Central Bank’s medium-term target band of 8.0% plus or minus 2.0 percentage points. Lastly, annual average inflation remained stable at the previous month’s 9.5% in April.
Author: Almanas Stanapedis, Economist