The local unit’s struggles against some of its international trading partner currencies coupled with soaring food prices on the back of delayed harvest pushed up the annual inflation rate to
Inflation Eases Back to 23.2% in February
Expectations of a reverse in the recent disinflation environment received a headwind as inflation in February eased down marginally to the level observed at the close of last year. The
Inflation Inches Up Marginally in January 2024
After months of a steady decline in the inflation rate, with the rate of inflation undergoing a sharp decline from a more than 20-year high to close the year 2023
Inflation Closes 2023 at 23.2%
The rate of inflation ended the year dipping to its lowest in more than 20 months after trending above 40.0% in most parts of 2023. Consumer prices had spiraled out
Revised Inflation Target Within Reach as November Inflation Records a Decline
In line with efforts to drive down the general price levels of goods and services following months of monetary policy tightening, the rate of inflation recorded its fourth consecutive dip
Inflation Begins Last Quarter on a Declining Trajectory
Ghana’s inflation extended its downward trajectory into the final quarter of the year as cooling food prices supported by stable prices of petroleum products drove the downward trend in the
Inflation Ends Third Quarter Falling to a One-Year Low
After last month’s unexpected and sharp decline in the consumer price index, the inflation rate ticked lower yet again at the end of the third quarter of the year in
Inflation Rate Plunges to its Lowest in Nearly One Year
Following months of persistent increases in the consumer price index as the domestic economy experienced renewed upward price pressures buoyed by hikes in utility tariffs amid increases in the prices
Inflation Begins Second Half of the Year on an Upward Trajectory
The consumer price index nudged up from last month’s level to begin the second half of the year at a three-month high as risks to the inflation outlook continue to
Inflation Ends Half Year on an Upward Trajectory
In line with expectations, the consumer price index edged up in June from the level seen in May as the pass-through effects of the recently announced upward adjustments in utility
Disinflationary Path Threatened in May
In a surprise turn of events, the consumer price index inched up in May contrary to the growing expectations of easing price pressures on the back of a stabilizing Cedi.
Disinflationary Path Extends Into Second Quarter
In line with expectations of slowing down inflation numbers, the Consumer Price Index recorded its fourth consecutive decline as price stability gains a footing after a turbulent period last year.