Ghana's annual inflation rate eased to 10.5 percent in August of 2020 from an over 2-1/2-years high of 11.4 percent in July. It was the softest rate since March, as prices slowed for food products (11.4 percent vs 13.7 percent in July). In contrast, cost advanced faster for non-food products (9.9 percent vs 9.7 percent). On a monthly basis, consumer prices decreased 0.4 percent, after rising 0.5 percent in the preceding month.
Inflation Rate in Ghana averaged 15.85 percent from 1998 until 2020, reaching an all time high of 63.10 percent in March of 2001 and a record low of 0.40 percent in May of 1999. This page provides - Ghana Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Ghana Statistical Service
Inflation Rate in Ghana is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ghana to stand at 7.40 in 12 months time. In the long-term, the Ghana Inflation Rate is projected to trend around 7.30 percent in 2021 and 7.00 percent in 2022, according to our econometric models.