Ghana Inflation April 2017


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.

FocusEconomics Consensus Forecast panelists expect inflation to average 12.1% in 2017, which is unchanged from last month’s forecast. The panel sees inflation at 9.7% in 2018.

Author:, Economist

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Ghana Inflation Chart

Ghana Inflation April 2017

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

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