Inflation & Prices
Ghana Inflation’s Surprise Slowdown Eases Pressure for Rate Hike
- Inflation rate moderates to 40.1%; median estimate was 43.7%
- Decline was broad-based amid backdrop of a stable currency
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Ghana’s inflation rate declined unexpectedly in August to a 10-month low, easing pressure on the central bank to keep raising borrowing costs.
Annual inflation moderated to 40.1% from 43.1% in July, Government Statistician Samuel Kobina Annim told reporters in the capital, Accra on Wednesday. That was the slowest rate of change since October.