Inflation in Ghana
Ghana - Inflation
Inflation edges down in December
Consumer prices rose 0.3% in December, slowing from November’s 0.7% increase which had marked the highest reading since June. The reading largely reflected lower prices for food and non-alcoholic beverages offset by higher prices for housing and utilities, transport and education.
Inflation edged down to 7.9% in December, from a four-month high of 8.2% in November. As a result, it placed just below the midpoint of the Central Bank’s 6.0%–10.0% target band. Meanwhile, average annual inflation ticked down to a near six-year low of 8.5% in December, from 8.7% in the previous month.
FocusEconomics Consensus Forecast panelists expect inflation to average 9.1% in 2020, which is down 0.3 percentage points from last month’s forecast, and 8.5% in 2021.
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||5.70||0.0 %||Jan 01|
|Stock Market||0.1||0.0 %||Dec 31|
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January 16, 2020
Consumer prices rose 0.3% in December, slowing from November’s 0.7% increase which had marked the highest reading since June.
January 6, 2020
The Ghana Purchasing Managers’ Index (PMI) ticked up to 52.7 in December, from 52.4 in November and marking a 18-month high.
December 18, 2019
Annual growth inched down to an over one-year low of 5.6% in the third quarter, according to a preliminary estimate released by Ghana’s Statistical Institute on 18 December.
December 11, 2019
Consumer prices rose 0.7% in November, accelerating from October’s 0.4% increase and marking the highest reading since June.
December 4, 2019
The Ghana Purchasing Managers’ Index (PMI) rose to 52.4 in November, from 50.1 in October, marking the best result in 14 months.