Consumer prices inched further downwards and remained on course to touch pre-COVID levels buoyed by declines in the prices of some food items. Data released by the Ghana Statistical Service
August Inflation Dips to 10.5%
The rate of inflation inched downwards towards the Bank of Ghana (BoG) medium-term inflation target band of 8.0% ± 2.0% as prices pressures on some food items began to ease.
Inflation Rate Rises to 11.4% in July
The consumer price index picked-up in July after briefly posting a marginal decline last month. The inflation rate for July climbed to 11.4% from 11.2% in June as food continued
June Inflation Rate Slows to 11.2%
The rate of inflation eased marginally to close the first half of the year at 11.2% after jumping to a two-year high in May at 11.3%. This represents a 210
Inflation Rate Soars to 11.3%
The rate of inflation rose for the second consecutive time in May after maintaining a stable trajectory in the first three months of the year. Latest consumer prices data released
Inflation Rate Climbs to a 2-Year High in April
Consumer prices rose significantly at the start of the second quarter of the year buoyed by increases in the prices of foodstuffs during the partial locked down period. The rate
Rate of Inflation Stabilizes at 7.8%
Consumer prices have stabilized in first three months of the year after inflation rate for March remained unchanged at 7.8%. The current rate represents a 150 basis point (bps) drop
Inflation Rate Stays at 7.8% in February
The year-on-year inflation rate remained unchanged at 7.8% in February in line with expectations as reduced petroleum prices at the pump coupled with a Cedi appreciation eased tension on consumer
Inflation Rate Begins 2020 at 7.8%
The consumer price index further trended downwards for the second consecutive time as it began the year with an inflation rate of 7.8%, down from 7.9% recorded in December, 2019.
Inflation Rate end 2019 at 7.9%
The year-on-year inflation rate dipped from a 4-month high to close 2019 fiscal year at 7.9%. It declined by 30 basis points (bps) from 8.2% recorded in November, 2019. The
Inflation for November Surges to a 4-Month High
The year-on-year rate of inflation climbed to a 4-month high in November at 8.2% from 7.7% recorded in October, 2019. This is the second rise after the consumer price index
Inflation Inches Up Marginally to 7.7%
The rate of inflation edged up marginally for the first time after the rebase of the consumer price index. Inflation rate for October was reported at 7.7%, up from 7.6%