Ghana Inflation June 2019

Ghana

Ghana: Inflation recedes in June

July 11, 2019

Consumer prices rose 0.8% over the previous month in June, edging down from the 0.9% month-on-month increase in May. The moderation largely reflected slower price increases for furnishings, household equipment and routine maintenance, clothing and footwear, and recreation and culture.

Meanwhile, inflation slowed to 9.1% in June from 9.4% in May. As a result, it 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 ticked down from 9.5% in May to 9.4 in June.

FocusEconomics Consensus Forecast panelists expect inflation to average 9.5% in 2019, which is down 0.2 percentage points from last month’s forecast, and also 9.8% in 2020.


Author:, Economist

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Ghana Inflation June 2019

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


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