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
| 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 | 5.70 | 0.0 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Dec 31 |
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Economic News
Ghana: Inflation edges down in December
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.
Ghana: PMI rises to one-and-a-half year high in December
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.
Ghana: Growth ticks down in Q3
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.
Ghana: Inflation jumps to four-month high in November
December 11, 2019
Consumer prices rose 0.7% in November, accelerating from October’s 0.4% increase and marking the highest reading since June.
Ghana: Manufacturing PMI jumps to over one-year high in November
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.
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