In a recent update on Ghana's Consumer Price Index (CPI) for the month of March 2024, it was reported that the current indicator has increased to 25.8%, up from the previous figure of 23.2%. The data, which was last updated on 10th April 2024, shows a significant rise in the CPI, reflecting the general increase in prices of goods and services in the country.
The comparison period provided is Year-over-Year, indicating that the 25.8% figure is a comparison of the change for March 2024 to the same month a year ago. This rise in Ghana's CPI could have various implications for the economy, including potential impacts on interest rates, investment decisions, and overall consumer spending habits. As the country continues to monitor and manage its inflationary pressures, stakeholders will be closely observing how this increase in the CPI may influence economic policies and strategies moving forward.
