Ghana Inflation Rate  1998-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Ghana increased 12.6 percent year-on-year in May of 2017, easing from a 13 percent rise in April. It is the lowest inflation rate since September of 2013, as declining fuel cost led to a general slowdown in prices. Inflation Rate in Ghana averaged 17.05 percent from 1998 until 2017, 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
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-12 10:55 AM Mar 12.8% 13.2% 13.1%
2017-05-10 10:10 AM Apr 13% 12.8% 12.6%
2017-06-14 09:40 AM May 12.6% 13% 12.4%
2017-07-13 10:30 AM Jun 12.6% 12.3%
2017-08-10 10:30 AM Jul 12%
2017-09-14 10:30 AM Aug 11.7%




Ghana Inflation Rate Lowest Since September 2013


Consumer prices in Ghana increased 12.6 percent year-on-year in May of 2017, easing from a 13 percent rise in April. It is the lowest inflation rate since September of 2013, as declining fuel cost led to a general slowdown in prices.

Year-on-year, prices slowed for: food and non-alcoholic beverages (6.3 percent vs 6.7 percent in April); housing and utilities (7.4 percent vs 7.7 percent); clothing and footwear (16.5 percent vs 16.7 percent); transport (23.6 percent vs 24.9 percent); miscellaneous goods and services (16.4 percent vs 16.8 percent); furniture and household equipment (20.7 percent vs 21.9 percent), recreation and culture (21.4 percent vs 22.3 percent); communication (11.3 percent vs 11.4 percent) and health (14.9 percent vs 15.1 percent). Also, the inflation rate was steady for hotels, cafes and restaurants (12.8 percent) and  education (14 percent).

On a monthly basis, consumer prices went up 0.7 percent, lower than 1.6 percent in April.

Ghana Statistical Service | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
6/14/2017 1:32:20 PM


Recent Releases

Ghana Inflation Rate Rises To 13% In April
Inflation rate in Ghana inched up to 13 percent in April from three and a half year low of 12.8 percent reported in March. While cost of transportation surged 24.9 percent dues to rise in transport fares, food inflation slowed to 6.7 percent which was the lowest since November 2014.
Published on 2017-05-10

Ghana Inflation Rate Down To 12.8% In March
Consumer prices in Ghana increased 12.8 percent year-on-year in March of 2017, from a 13.2 percent rise in February. The inflation fell for the sixth consecutive month to the lowest since September of 2013, mainly due to a slowdown in cost of transport and health.
Published on 2017-04-12

Ghana Inflation Rate Lowest Since November 2013
The annual inflation rate in Ghana slowed slightly to 13.2 percent in February of 2017 from 13.3 percent in the previous month. It was the lowest inflation rate since November of 2013 mainly due to a decline in the price of fuel.
Published on 2017-03-15

Ghana Inflation Rate Lowest Since November 2013
The annual inflation rate in Ghana slowed to 13.3 percent in January of 2017 from 15.4 percent in the previous month. It was the lowest inflation rate since November of 2013, as non-food cost rose at a slower pace namely for housing and utilities and transport and food prices also increased less.
Published on 2017-02-15



Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 12.60 13.00 63.00 0.40 percent [+]
Consumer Price Index CPI 198.63 197.07 198.63 9.81 Index Points [+]
Producer Prices 552.00 558.80 558.80 135.81 Index Points [+]
Food Inflation 6.30 6.70 9.70 5.00 percent [+]
Producer Prices Change 4.80 6.00 48.56 2.80 percent [+]
Inflation Rate Mom 0.70 1.60 10.87 -3.34 percent [+]


Ghana Inflation Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
12.60 13.00 63.00 0.40 1998 - 2017 percent Monthly
2012=100



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.60 May/17
Canada 1.30 May/17
China 1.50 May/17
Euro Area 1.40 May/17
France 0.80 May/17
Germany 1.50 May/17
India 2.18 May/17
Indonesia 4.33 May/17
Italy 1.40 May/17
Japan 0.40 Apr/17
Mexico 6.16 May/17
Netherlands 1.10 May/17
Russia 4.10 May/17
South Korea 2.00 May/17
Spain 1.90 May/17
Switzerland 0.50 May/17
Turkey 11.72 May/17
United Kingdom 2.90 May/17
United States 1.90 May/17