Ghana's annual inflation rate was at 10.3 percent in March of 2021, unchanged from the previous month. Prices continued to climb for non-food products (10 percent vs 8.8 percent in February) while food inflation slowed slightly (10.8 percent vs 12.3 percent). On a monthly basis, consumer prices were up 0.9 percent, after increasing 0.8 percent in the previous month source: Ghana Statistical Service

Inflation Rate in Ghana averaged 15.70 percent from 1998 until 2021, 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 April of 2021.

Inflation Rate in Ghana is expected to be 9.00 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 6.50 in 12 months time. In the long-term, the Ghana Inflation Rate is projected to trend around 7.00 percent in 2022 and 6.00 percent in 2023, according to our econometric models.

Ok
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.

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.

Please Paste this Code in your Website
width
height
Ghana Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
10.30 10.30 63.10 0.40 1998 - 2021 percent Monthly
2018=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-13 10:10 AM Dec 10.4% 9.8% 9.5%
2021-02-10 10:00 AM Jan 9.9% 10.4% 10.8%
2021-03-10 10:00 AM Feb 10.3% 9.9% 10.2%
2021-04-14 10:10 AM Mar 10.3% 10.3% 10.6%
2021-05-13 10:15 AM Apr 10.3% 9.8%
2021-06-10 10:20 AM May 10.2%
2021-07-15 10:00 AM Jun 9%
2021-08-12 11:00 AM Jul


News Stream
Ghana March Inflation Rate Steady at 10.3%
Ghana's annual inflation rate was at 10.3 percent in March of 2021, unchanged from the previous month. Prices continued to climb for non-food products (10 percent vs 8.8 percent in February) while food inflation slowed slightly (10.8 percent vs 12.3 percent). On a monthly basis, consumer prices were up 0.9 percent, after increasing 0.8 percent in the previous month
2021-04-14
Ghana February Inflation Rate Rises to 10.3%
Ghana's annual inflation rate picked up to 10.3 percent in February of 2021 from 9.9 percent in the previous month. Prices advanced faster for non-food products (8.8 percent vs 7.7 percent in January), in particular housing & utilities (23.4 percent vs 19 percent). Meanwhile, food inflation slowed somewhat (12.3 percent vs 12.8 percent). On a monthly basis, consumer prices were up 0.8 percent, after increasing 0.9 percent in the previous month.
2021-03-10
Ghana January Inflation Rate Slows to 9.9%
Ghana's annual inflation rate eased to 9.9 percent in January of 2021 from 10.4 percent in the prior month. Prices slowed for food & non-alcoholic beverages (12.8 percent vs 14.1 percent in December) while non-food inflation remained steady (at 7.7 percent). On a monthly basis, consumer prices were up 0.9 percent, the same pace as in the previous month.
2021-02-10
Ghana Inflation Rate Rises to 10.4% in December
Ghana's annual inflation rate rose to 10.4% in December of 2020 from an eight-month low of 9.8% in the previous month, partly due to the ongoing depreciation of the cedi and disruptions in agricultural activity amidst the global pandemic. Prices continued to climb for food products (14.1% vs 11.7% in November) while slowed for non-food products (7.7% vs 8.3%). On a monthly basis, consumer prices were up 0.9%, the most since June, after increasing 0.3% in the previous month.
2021-01-13

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.