Economics
Ghana Inflation Dips Close to Target as Rate Falls 3rd Month
- Annual inflation rate declined to 10.1% in October from 10.4%
- Food prices rose 12.6% from year ago, 0.1% in the month
The Bank of Ghana expects inflation to be back inside the target band of 6% to 10% by the second quarter of next year.
Photographer: Cristina Aldehuela/BloombergThis article is for subscribers only.
Ghana’s inflation rate dropped for a third straight month in October, inching closer to the central bank’s target range.
Annual consumer inflation slowed to 10.1% from 10.4% in September, Samuel Kobina Annim, the government statistician, told reporters Wednesday in Accra, the capital. The median estimate of three economists in a Bloomberg survey was 10.3%. Prices climbed 0.2% in the month.