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Ghana Inflation March 2020

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.

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