Inflation in Ghana
Ghana - Inflation
Inflation recedes in June
Consumer prices rose 0.8% over the previous month in June, edging down from the 0.9% month-on-month increase in May. The moderation largely reflected slower price increases for furnishings, household equipment and routine maintenance, clothing and footwear, and recreation and culture.
Meanwhile, inflation slowed to 9.1% in June from 9.4% in May. As a result, it remained within the Central Bank’s medium-term target band of 8.0% plus or minus 2.0 percentage points. Lastly, annual average inflation remained ticked down from 9.5% in May to 9.4 in June.
FocusEconomics Consensus Forecast panelists expect inflation to average 9.5% in 2019, which is down 0.2 percentage points from last month’s forecast, and also 9.8% in 2020.
Ghana - Inflation Data
|Inflation Rate (CPI, annual variation in %)||8.3||15.5||17.2||17.5||12.4|
5 years of economic forecasts for more than 30 economic indicators.
Ghana Inflation Chart
Source: Ghana Statistical Services
|Exchange Rate||5.35||0.0 %||Jul 11|
|Stock Market||0.1||0.0 %||Jul 10|
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July 11, 2019
Consumer prices rose 0.8% over the previous month in June, edging down from the 0.9% month-on-month increase in May.
July 3, 2019
The Ghana Purchasing Managers’ Index (PMI) ticked down to 50.5 points in June from 50.6 in May, the weakest reading since November 2018.
June 20, 2019
According to a preliminary estimate released by Ghana’s Statistical Institute, the economy expanded 6.7% year-on-year in the first quarter of the year, down slightly from the previous quarter’s 6.8% increase.
June 12, 2019
Consumer prices rose 0.9% over the previous month in May, following a 1.1% month-on-month increase in April.
June 6, 2019
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) ticked down from 51.2 points in April to 50.6 in May, the weakest reading since November 2018.