Ghana Inflation December 2018

Ghana

Ghana: Inflation ticks up in December

January 9, 2019

Consumer prices rose 1.1% in monthly terms in December, up slightly from November’s 0.7% uptick. 11 out of the 12 components of the index posted month-on-month increases, led by higher prices for clothing and footwear, and food and non-alcoholic beverages.

Meanwhile, inflation rose slightly from 9.3% in November to 9.4% in December, edging closer to the upper bound of the Central Bank’s medium-term target band of 8.0% plus or minus 2.0 percentage points. Lastly, annual average inflation moderated to a near five-year low of 9.8% in December from 10.0% in the previous month.

Ghana Inflation Forecast


FocusEconomics Consensus Forecast panelists expect inflation to average 9.5% in 2019, which is up 0.3 percentage points from last month’s forecast, and 8.6% in 2020.


Author:, Economist

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Ghana Inflation Chart


Ghana Inflation December 2018

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


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