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

Inflation rate in Ghana rose to 9.8 percent in May of 2018 from 9.6 percent in April, which was the smallest rate since December 2012, as prices advanced faster mainly for food and fuel. Still, the May figure was the second lowest since January 2013. Inflation Rate in Ghana averaged 16.75 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
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Ghana Inflation Rate Rises to 9.8% in May


Inflation rate in Ghana rose to 9.8 percent in May of 2018 from 9.6 percent in April, which was the smallest rate since December 2012, as prices advanced faster mainly for food and fuel. Still, the May figure was the second lowest since January 2013.

Year-on-year, prices picked up for food & non-alcoholic beverages (7.6 percent compared to 7.4 percent in April) - mainly due to coffee, tea & cocoa (10.8 percent from 10.5 percent), fruits (9.9 percent from 9.9 percent), mineral water & soft drinks (9.3 percent from 8.8 percent), meat & meat products (9.1 percent from 8.8 percent), vegetables (8.1 percent from 7.9 percent) and oils & fats (8 percent from 7.3 percent) -; transport (10.3 percent compared to 9.5 percent); miscellaneous goods & services (12.8 percent compared to 12.3 percent); furnishings & household equipment (14 percent compared to 13 percent); recreation & culture (14.2 percent compared to 13.6 percent) and health (7.8 percent compared to 7.6 percent). Meanwhile, inflation was steady for housing & utilities (3.9 percent, the same as in April); clothing & footwear (17.2 percent) and restaurants & hotels (7.5 percent). In contrast, cost slowed slightly for education (8.5 percent compared to 8.6 percent); communication (7.9 percent compared to 8.0 percent) and alcoholic beverages, tobacco & narcotics (9.3 percent compared to 9.5 percent).

On a monthly basis, consumer prices went up 1 percent, from 0.9 percent in April.



Ghana Statistical Service | Gabriela Costa | gabriela.costa@tradingeconomics.com
6/14/2018 12:05:41 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-04-11 10:30 AM Inflation Rate YoY 10.4% 10.6% 10.4%
2018-05-09 12:10 PM Inflation Rate YoY 9.6% 10.4% 10.1%
2018-06-13 10:30 AM Inflation Rate YoY 9.8% 9.6% 9.5%
2018-07-11 10:55 AM Inflation Rate YoY 9.8% 9.5%
2018-08-15 09:50 AM Inflation Rate YoY 9.1%
2018-09-12 10:30 AM Inflation Rate YoY 9.0%


Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 9.80 9.60 63.00 0.40 percent [+]
Consumer Price Index CPI 218.10 216.00 218.10 9.81 Index Points [+]
Producer Prices 585.10 579.50 585.10 135.81 Index Points [+]
Food Inflation 7.60 7.40 9.70 5.00 percent [+]
Inflation Rate Mom 0.90 1.10 10.87 -3.34 percent [+]
Producer Prices Change 6.40 3.70 48.56 2.00 percent [+]
Cpi Housing Utilities 317.75 326.23 326.23 94.76 Index Points [+]
Cpi Transportation 337.74 334.55 337.74 98.06 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.80 9.60 63.00 0.40 1998 - 2018 percent Monthly
2012=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.86 May/18
Canada 2.20 May/18
China 1.80 May/18
Euro Area 1.90 May/18
France 2.00 May/18
Germany 2.20 May/18
India 4.87 May/18
Indonesia 3.23 May/18
Italy 1.00 May/18
Japan 0.70 May/18
Mexico 4.51 May/18
Netherlands 1.70 May/18
Russia 2.40 May/18
South Korea 1.50 May/18
Spain 2.10 May/18
Switzerland 1.00 May/18
Turkey 12.15 May/18
United Kingdom 2.40 May/18
United States 2.80 May/18


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