ALL POSTS FILED UNDER: INFLATION
Inflation ends 2022 at record 54.1%
Add a CommentInflation shot up by 3.8% to end 2022 at 54.1%, data from the Ghana Statistical Service (GSS) has revealed. Despite a strong improvement in the value of the cedi and a reduction in the prices of petroleum products, the rate … Read more →
US jobs growth solid but slowing amid inflation fight
Add a CommentJobs growth in the US is continuing at a solid, though slowing pace, despite rising prices and higher borrowing costs weighing on the economy. Employers added 261,000 jobs in October, while the unemployment rate rose slightly to 3.7%, the US … Read more →
‘Inflation will reduce in medium term’ – BoG First Deputy Governor
Add a CommentMAXWELL Opoku-Afari, First Deputy Governor of the Bank of Ghana, says the bank’s forecast indicates that inflation would peak later this year and begin trending back towards the medium-term horizon. He said headline inflation has shifted well above the upper … Read more →
Treasury yields to increase in coming weeks; inflation to peak in quarter 4 – Report
Add a CommentWith liquidity constrained and the policy rate of the Bank of Ghana at 22%, yields on treasury bills are expected to go up in the coming weeks. According to Databank Research, upward pressure on yields persist due to tightened monetary … Read more →
Inflation rises further to 31.7% in July 2022
Add a CommentYear-on-year inflation crossed the 30% mark to hit 31.7% in the month of July 2022, data from the Ghana Statistical Service has revealed. This is the highest inflation rate recorded since late 2003. However, the rate of inflation slowed down … Read more →
Inflation hits transport, others by 29.8% in June 2022
Add a CommentYear-on-year inflation shot up further by 2.2% to 29.8% in June 2022, the latest data from the Ghana Statistical Service (GSS) has revealed. This is the highest recorded since December 2003. However, the rate of inflation, according to the inflation … Read more →
Bank of England vows to bring down inflation
Add a CommentThe Bank of England has hinted at further interest rate rises as it vows to bring inflation back down to 2%. The central bank’s focus was getting prices down and making life more affordable again, its chief economist Huw Pill … Read more →
BoG optimistic of lower inflation rate in coming months
Add a CommentRegardless of the hike in inflation rate in recent months, the Bank of Ghana is optimistic prices of goods and services will come down in the coming days, weeks and months. This pledge is coming after increases in transportation fares … Read more →
Inflation hits 27.6% in May
Add a CommentGhana’s Consumer Price Inflation accelerated to 27.6% year-on-year in May from 23.6% in April hitting a new 18-year high, the Statistical Service said on Wednesday, June 8, 2022. This means that in the month of May 2022, the general price … Read more →
Inflation climbs up to 12.2%
Add a CommentTHE NATIONAL year-on-year inflation rate was 12.2% in November 2021, which is 1.2 percentage points higher than the 11.0% recorded in October 2021. The Ghana Statistical Service (GSS) which made this known said the month-on-month inflation between October and November … Read more →
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(Nana Kwesi)