Ghana: Inflation unchanged at the end of Q1
Consumer prices rose 0.8% from the previous month in March, accelerating from February’s 0.4% uptick and marking the sixth consecutive month of rising prices. A breakdown of the sub-components showed that the result largely reflected higher prices for food and non-alcoholic beverages, while prices for non-food goods increased at a more modest pace.
Inflation remained stable at 7.8% for a third consecutive month in March, thus staying just below the midpoint of the Central Bank’s 6.0%–10.0% target band. Meanwhile, average annual inflation edged down to an over six-year low of 8.3% in March, from 8.5% in February.