Inflation in Ghana
Ghana - Inflation
Inflation rises in July
Consumer prices rose 0.6% over the previous month in July, down from the 0.8% month-on-month increase in June. The moderation largely reflected slower price increases for food and non-food goods.
Meanwhile, inflation rose to 9.4% in July from 9.1% in June. Nevertheless, 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 matched June’s 9.4% print.
FocusEconomics Consensus Forecast panelists expect inflation to average 9.5% in 2019, which is unchanged from last month’s forecast, and also 9.7% 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||5.48||0.0 %||Sep 04|
|Stock Market||0.1||0.0 %||Sep 04|
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September 4, 2019
The Ghana Purchasing Managers’ Index (PMI) fell to 50.7 points in August, from 51.2 points in July.
August 15, 2019
Consumer prices rose 0.6% over the previous month in July, down from the 0.8% month-on-month increase in June.
August 5, 2019
The Ghana Purchasing Managers’ Index (PMI) rose to 51.2 points in July from 50.5 points in June, which had marked the weakest reading since November 2018.
July 19, 2019
On 19 July, the Monetary Policy Committee (MPC) of the Bank of Ghana (BOG) kept its key policy rate unchanged at a five-year low of 16.00%.
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.