Ghana: Inflation rises in July
August 15, 2019
Consumer prices rose 0.6% over the previous month in July, down from the 0.8% month-on-month increase in June. The moderation largely reflected slower price increases for food and non-food goods.
Meanwhile, inflation rose to 9.4% in July from 9.1% in June. Nevertheless, 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 matched June’s 9.4% print.
Author: Nicolás J. Aguilar, Economist