AMI 12 May 2022:Ghana’s inflation surges past 20%
Africa Markets Podcast
English - May 12, 2022 06:07 - 1 minute - 1.63 MBNews Business Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: AMI 11 May 2022: April inflation continues to tick-up
Inflation: A weak currency, rising food and fuel costs are key factors currently driving the surge in average prices in Ghana. The latest headline inflation prints for April came in at 23.6% y/y, the highest reading recorded over the past 10 years. Food inflation, which accounts for 43.12% of the overall CPI weightings, increased by 26.6% y/y over the same period as the price of cereal and cereal products increased dramatically (see comments on global food and oil transport here
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