Ghana: Inflation stabilizes in September
October 15, 2015
In September, consumer prices dropped 0.13% over the previous month, which followed the 0.78% drop tallied in August that had marked the lowest reading since October 2012. September’s drop was mainly driven by lower prices for food.
Inflation in September was stable at the previous month’s 17.3%. As a result, inflation continues well above the Central Bank’s target of 8.0%. However, annual average inflation inched up from August’s 16.9% to 17.0% in September, the highest level since March 2010.
Author: Dirina Mançellari, Senior Economist