Inflation in Ghana
Ghana - Inflation
Inflation ticks up in December
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.
Ghana - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 8.3 | 15.5 | 17.2 | 17.5 | 12.4 |
Ghana Inflation Chart
Source: Ghana Statistical Services
Ghana Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 4.90 | 0.0 % | Jan 14 |
| Stock Market | 0.1 | 0.0 % | Jan 14 |
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Economic News
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.
Ghana: PMI jumps in December
January 4, 2019
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) rose from 50.5 points in November to a six-month high of 52.3 points in December.
Ghana: Growth picks up steam in the third quarter
December 19, 2018
According to provisional data released by Ghana’s Statistical Service, the economy expanded 7.4% in annual terms in the third quarter, a one-year high and up markedly from the 5.4% growth logged in the second quarter.
Ghana: Inflation falls to a new over five-year low in November
December 12, 2018
Consumer prices rose 0.7% in November, unchanged from the previous month’s print.
Ghana: PMI ticks up in November
December 5, 2018
The Stanbic IBTC Bank Ghana Purchasing Managers’ Index (PMI) rose from 50.2 points in October to 50.5 points in November.
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