Ghana Inflation April 2019

Ghana

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.

FocusEconomics Consensus Forecast panelists expect inflation to average 9.7% in 2019, which is up 0.2 percentage points from last month’s forecast, and also 9.7% in 2020.


Author:, Economist

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Ghana Inflation April 2019

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


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