In November, consumer prices matched October’s 0.9% month-on-month rise. November’s increase was largely driven by higher prices for clothing and footwear, and food and non-alcoholic beverages.
There was a jump in prices across all but the categories of education and hotels, cafes and restaurants categories, which registered a flat reading.
Inflation inched up to 11.7% in November from 11.6% in October. On the other hand, annual average inflation fell from 13.0% in October to 12.7% in November.
FocusEconomics Consensus Forecast panelists expect inflation to average 10.5% in 2018, which is down 0.1 percentage points from last month’s forecast, and 9.5% in 2019.
Note: Month-on-month and year-on-year changes of consumer price index in %.
Source: Ghana Statistical Service (GSS)
