Ghana Inflation


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.

FocusEconomics Consensus Forecast panelists expect inflation to end 2015 at 14.4%, which is up 0.1 percentage points from last month’s forecast. The panel sees inflation ending 2016 at 11.2%.

Author:, Senior Economist

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Ghana Inflation Chart

Ghana Inflation September 2015

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

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