The pace of increase in the consumer price index widened further in May, pushing the headline inflation rate to record its second consecutive increase in what appears to be a
Inflation Ticks Up for the First Time in More Than Twelve Months
In line with expectations, the headline inflation rate climbed for the first time in over fifteen months, as spillovers from the ongoing Middle East crisis began to hit Ghana’s domestic
Inflation Rate Ends 2024 at 23.8%
The rate of inflation defied the government’s revised year-end inflation target as the prevalence of underlying risks to the inflation outlook pushed the consumer price index to record its fourth
Inflation Pushes Further Up to a Six-Month High
In line with expectations, the consumer price index nudged up for the third consecutive time in November as increased consumer spending as the wraps up culminated in upward price pressures.
Price Pressures Pushes Inflation Up Again at the Start of the Last Quarter
The consumer price index nudged up at the start of the last quarter of the year to signal upward price pressures as the year draws to a close. According to
Year-End Price Pressures Pushes September Inflation to 21.5%
Inflation halted its easing cycle which had persisted over the six months as a resurgence of price pressures pushed the inflation rate to its highest since June 2024 after the
Inflation Rises to a Five Month High in March
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 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 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.
Inflation Rate Surpasses Target to End 2022 at 54.1%
The rate of inflation soared to surpass the government’s revised end-period headline inflation target of 28.5% as the prices of consumer goods and services continued its upward trajectory. The year-on-year