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

The annual inflation rate in Ghana increased to 9.9 percent in August of 2018 from 9.6 percent in July, as both food and non-food inflation rose. On a monthly basis, consumer prices were unchanged, after a 0.4 percent gain in the previous month. Inflation Rate in Ghana averaged 16.67 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 Annual Inflation Rate Rises to 9.9% in August


The annual inflation rate in Ghana increased to 9.9 percent in August of 2018 from 9.6 percent in July, as both food and non-food inflation rose.

Year-on-year, prices advanced further for food and non-alcoholic beverages (7.9 percent compared to 7.4 percent in July), namely coffee, tea & cocoa (11.3 percent), fruits (10.6 percent) and meat & meat products (10.0 percent). Additonally, prices went up faster for transport (15.1 percent compared to 15.0 percent); housing & utilities (3.3 percent compared to 3.0 percent); furnishing & household equipment (12.6 percent compared to 12.5 percent); communication (7.3 percent compared to 6.7 percent) and health (7.3 percent compared to 7.1 percent). Also, cost of recreation & culture rebounded (13.9 percent compared to -7.5 percent).

Meanwhile, prices eased for clothing & footwear (15.2 percent compared to 15.4 percent); miscellaneous goods & services (11.9 percent compared to 12.0 percent) and education (8.3 percent compared to 8.4 percent). In addition, inflation was steady for restaurant & hotels (at 5.8 percent, the same as in July) and alcoholic beverages & tobacco (at 7.9 percent). 

On a monthly basis, consumer prices were unchanged, after a 0.4 percent gain in July.


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/12/2018 3:55:15 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-11 10:45 AM Inflation Rate YoY 10% 9.8% 9.9%
2018-08-15 10:30 AM Inflation Rate YoY 9.6% 10% 10.2%
2018-09-12 10:40 AM Inflation Rate YoY 9.9% 9.6% 9.4%
2018-10-10 10:00 AM Inflation Rate YoY 9.9% 9.7%
2018-11-14 03:00 PM Inflation Rate YoY 9.5%
2018-12-12 10:30 AM Inflation Rate YoY 9.3%


Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 9.90 9.60 63.00 0.40 percent [+]
Consumer Price Index CPI 221.10 221.10 221.10 9.81 Index Points [+]
Producer Prices 596.90 597.40 597.40 135.81 Index Points [+]
Food Inflation 7.90 7.40 9.70 5.00 percent [+]
Inflation Rate Mom 0.40 1.00 10.87 -3.34 percent [+]
Producer Prices Change 7.00 8.20 48.56 2.00 percent [+]
Cpi Housing Utilities 320.92 319.96 326.23 94.76 Index Points [+]
Cpi Transportation 359.66 358.88 359.66 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.90 9.60 63.00 0.40 1998 - 2018 percent Monthly
2012=100




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 2.80 Aug/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 1.30 Aug/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.60 Jul/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18


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