Ghana Inflation June 2020

Ghana

Ghana: Inflation slides in June

July 16, 2020

Consumer prices rose a seasonally-adjusted 1.00% over the previous month in June, slowing down from May's 1.70% increase. June's result marked the softest rise in prices since March and came on the back of softer price increases for alcoholic beverages and tobacco, and personal care and social protection.

Inflation came in at 11.2% in June, from May’s 11.3% print. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 8.8% in June (May: 8.6%).

FocusEconomics Consensus Forecast panelists expect inflation to average 8.9% in 2020, which is from last month’s forecast. In 2021, they see inflation averaging 8.6%.


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Ghana Inflation June 20 20

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


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