Ghana: Inflation ticks up in April
May 8, 2017
Consumer prices increased 1.58% in April compared to the previous month, up from March’s 1.25%. The rise was largely driven by higher prices for transport, food and non-alcoholic beverages and clothing and footwear.
Inflation rose to 13.0% in April from March’s multi-year low of 12.8%, and remains above the Central Bank’s 6.0%-10.0% target band. Annual average inflation dipped from 16.0% in March to 15.5% in April.
Author: Oliver Reynolds, Economist