Ghana Inflation Rate  1998-2018 | Data | Chart | Calendar | Forecast

Consumer prices in Ghana advanced 10.4 percent year-on-year in March of 2018, easing from a 10.6 percent rise in the previous month, mainly due to a slowdown in clothing and footwear and transport prices. Inflation Rate in Ghana averaged 16.81 percent from 1998 until 2018, reaching an all time high of 63 percent in March of 2001 and a record low of 0.40 percent in May of 1999.

Ghana Inflation Rate
width
height
 Preview
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Learn More Register Login
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Learn More Interested? Click here to contact us



Ghana Inflation Rate Eases to 10.4% in March


Consumer prices in Ghana advanced 10.4 percent year-on-year in March of 2018, easing from a 10.6 percent rise in the prior month, mainly due to a slowdown in clothing and footwear and transport prices.

Year-on-year, cost increased at a softer pace for housing and utilities (7.3 percent compared to 7.8 percent in February); clothing and footwear (16.4 percent compared to 16.6 percent) and transport (18.4 percent compared to 18.9 percent). Also, prices rose less for miscellaneous goods and services (12.0 percent compared to 12.9 percent); restaurants and hotels (7.2 percent compared to 8.3 percent) and furnishings and household equipment (11.9 percent compared to 12.0 percent). In addition, cost eased for recreation and culture (12.6 percent compared to 13.2 percent) and health (7.3 percent compared to 7.4 percent). On the other hand, food prices went up faster (7.1 percent compared to 7.2 percent), mostly coffee, tea and cocoa (10.6 percent compared to 9.3 percent); meat (8.8 percent compared to 8.2 percent) and non-alcoholic beverages (8.7 percent compared to 8.3 percent). Additionally, cost advanced further for education (6.7 percent compared to 6.1 percent); communication (8.2 percent compared to 8.0 percent) and alcoholic beverages, tobacco and narcotics (8.9 percent compared to 8.8 percent).

On a monthly basis, consumer prices went up 1.1 percent, after a 0.9 percent gain in the previous month.


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
4/11/2018 1:45:52 PM


Recent Releases

Ghana Inflation Rate Edges Up to 10.6% in February
Consumer prices in Ghana increased 10.6 percent year-on-year in February of 2018, following a 10.3 percent rise in the previous month. Prices advanced faster mainly due to food and non-alcoholic beverages and housing and utilities.
Published on 2018-03-14

Ghana Inflation Rate Lowest Since 2013
Consumer prices in Ghana increased 10.3 percent year-on-year in January of 2018, easing from a 11.8 percent gain in the previous month. It was the lowest inflation rate since January of 2013, mainly due to a slowdown in food and clothing and footwear prices.
Published on 2018-02-14

Ghana Inflation Rate Rises Slightly to 11.8% in December
Consumer prices in Ghana increased 11.8 percent year-on-year in December of 2017, following a 11.7 percent rise in the previous month mostly due to higher prices of food.
Published on 2018-01-10

Ghana Inflation Rate Rises to 11.7% in November
Consumer prices in Ghana increased 11.7 percent year-on-year in November of 2017, following a 11.6 percent rise in the previous month, mainly due to higher prices of housing, transport and clothing and footwear. The country is following a credit program with the International Monetary Fund that targets to shrink the inflation to 8 percent +/- 2 percentage points and restore the fiscal balance in 2018.
Published on 2017-12-13



Calendar GMT Actual Previous Consensus TEForecast
2018-02-14 10:50 AM Inflation Rate YoY 10.3% 11.8% 11.8%
2018-03-14 10:35 AM Inflation Rate YoY 10.6% 10.3% 9.6%
2018-04-11 10:30 AM Inflation Rate YoY 10.4% 10.6% 10.4%
2018-05-09 10:10 AM Inflation Rate YoY 10.4% 9.8%
2018-06-13 09:40 AM Inflation Rate YoY 9.5%
2018-07-11 10:55 AM Inflation Rate YoY 9.0%


Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 10.40 10.60 63.00 0.40 percent [+]
Consumer Price Index CPI 214.10 211.90 214.10 9.81 Index Points [+]
Producer Prices 581.40 581.00 581.40 135.81 Index Points [+]
Food Inflation 7.30 7.20 9.70 5.00 percent [+]
Inflation Rate Mom 1.10 0.90 10.87 -3.34 percent [+]
Producer Prices Change 5.50 7.70 48.56 2.00 percent [+]
Cpi Transportation 334.55 331.70 334.55 98.06 Index Points [+]
Cpi Housing Utilities 326.23 323.44 326.23 94.76 Index Points [+]


Ghana Inflation Rate

In Ghana, the most important components in the Consumer Price Index (CPI) are Food and Non Alcoholic Beverages (43.6 percent of total weight); Housing, Water, Electricity, Gas and Other Utilities (9.5 percent) and Clothing and Footwear (8.9 percent). Transport account for 7.2 percent of total index, Miscellaneous Goods and Services for 7 percent, Hotels, Cafés and Restaurants for 6 percent and Furnishing and Household Equipment for 4.6 percent. Education represents 3.8 percent of total weight, Recreation and Culture another 2.7 percent and Communication 2.6 percent. Health accounts for the remaining 2.4 percent and Alcoholic Beverages, Tobacco and Narcotics 1.6 percent. This page provides - Ghana Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Inflation Rate - actual data, historical chart and calendar of releases - was last updated on April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
10.40 10.60 63.00 0.40 1998 - 2018 percent Monthly
2012=100




inflation rate by Country
Country Last
Australia 1.90 Dec/17
Brazil 2.68 Mar/18
Canada 2.30 Mar/18
China 2.10 Mar/18
Euro Area 1.30 Mar/18
France 1.60 Mar/18
Germany 1.60 Mar/18
India 4.28 Mar/18
Indonesia 3.40 Mar/18
Italy 0.80 Mar/18
Japan 1.10 Mar/18
Mexico 5.04 Mar/18
Netherlands 1.00 Mar/18
Russia 2.40 Mar/18
South Korea 1.30 Mar/18
Spain 1.20 Mar/18
Switzerland 0.80 Mar/18
Turkey 10.23 Mar/18
United Kingdom 2.50 Mar/18
United States 2.40 Mar/18


Related
Latest