The annual inflation rate in Ghana picked up to 9% in July of 2021 from 7.8% in June but remained within the central bank’s target band of 6-10%.

It was the highest inflation rate since March, as food-price growth accelerated (9.5% vs 7.3% in June).

Non-food prices also contributed to the increase (8.6% vs 8.2%), mainly pushed up by costs of housing (14.1%) and transport (12.1%).

On a monthly basis, consumer prices inched up 1.6%, following a 1.3% increase in the prior month.

Credit: trading economics