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

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, due to higher prices of food. 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. Inflation Rate in Ghana averaged 16.90 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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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.

Year-on-year, food cost rose by 8.0 percent compared to 7.9 percent in November, namely boosted by vegetables (10.0 percent) and fish and sea food (8.8 percent). Also, cost advanced at a faster pace for: clothing and footwear (18.8 percent compared to 18.3 percent) ; housing and utilities (9.0 percent compared to 8.6 percent); transport (18.7 percent compared to 18.6 percent); communication (9.7 percent compared to 9.4 percent); recreation and culture (17.5 percent compared to 17.1 percent) and health (6.3 percent compared to 5.5 percent). Prices were unchanged for furnishings and household equipment (15.2 percent, the same as in November). Meanwhile, prices went up at a softer pace for: miscellaneous goods and services (13.6 percent compared to 14.0 percent); restaurants and hotels (9.8 percent compared to 10.7 percent) and education (8.2 percent compared to 8.8 percent).

On a monthly basis, consumer prices increased 1.0 percent, after a 0.9 percent gain in the prior month.


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
1/10/2018 5:31:29 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-11-08 03:00 PM Inflation Rate YoY 11.6% 12.2% 11.8%
2017-12-13 10:20 AM Inflation Rate YoY 11.7% 11.6% 11.2%
2018-01-10 10:50 AM Inflation Rate YoY 11.8% 11.7% 11.5%
2018-02-14 12:00 PM Inflation Rate YoY 11.8% 11.70%
2018-03-14 10:55 AM Inflation Rate YoY 11.90%
2018-04-11 10:55 AM Inflation Rate YoY 11.90%


Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 11.80 11.70 63.00 0.40 percent [+]
Consumer Price Index CPI 207.20 205.10 207.20 9.81 Index Points [+]
Producer Prices 569.70 568.30 569.70 135.81 Index Points [+]
Food Inflation 8.00 7.90 9.70 5.00 percent [+]
Inflation Rate Mom 1.00 0.90 10.87 -3.34 percent [+]
Producer Prices Change 7.10 8.20 48.56 2.00 percent [+]


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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
11.80 11.70 63.00 0.40 1998 - 2017 percent Monthly
2012=100




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.95 Dec/17
Canada 2.10 Nov/17
China 1.80 Dec/17
Euro Area 1.40 Dec/17
France 1.20 Dec/17
Germany 1.70 Dec/17
India 5.21 Dec/17
Indonesia 3.61 Dec/17
Italy 0.90 Dec/17
Japan 0.60 Nov/17
Mexico 6.77 Dec/17
Netherlands 1.30 Dec/17
Russia 2.50 Dec/17
South Korea 1.50 Dec/17
Spain 1.10 Dec/17
Switzerland 0.80 Dec/17
Turkey 11.92 Dec/17
United Kingdom 3.00 Dec/17
United States 2.10 Dec/17


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