Ghana Inflation July 2019


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.

FocusEconomics Consensus Forecast panelists expect inflation to average 9.5% in 2019, which is unchanged from last month’s forecast, and also 9.7% in 2020.

Author:, Economist

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Ghana Inflation Chart

Ghana Inflation July 2019

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

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