Ghana Inflation December 2016


Ghana: Inflation virtually flat in December

January 11, 2017

Consumer prices increased 0.98% in December compared to the previous month, up slightly from November’s 0.82% rise. This month’s uptick was driven by price increases across the board, with the food and non-alcoholic beverages, alcoholic beverages, tobacco and narcotics, and hotels, cafes and restaurants sub-categories registering particularly strong increases.

Inflation dipped from 15.5% in November to 15.4% in December, the lowest rate since July 2014. Annual average inflation inched down to 17.5% in December from 17.7% in November.

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 10.0% in 2018.

Author:, Economist

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Ghana Inflation Chart

Ghana Inflation December 2016

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

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