The annual inflation rate in Ghana accelerated for the third straight month to 9.7% in August of 2021, from 9% in July. It is the highest inflation rate since March but still within the Bank of Ghana's target band of 8% plus or minus 2 percentage points. Main upward pressure came from prices of food (10.9% vs 9.5% in July), housing & utilities (15.2% vs 14.1%) and transportation (12.8% vs 12.1%). On a monthly basis, consumer prices went up 0.3%, the least in nine months. source: Ghana Statistical Service
Inflation Rate in Ghana averaged 15.57 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 September of 2021.
Inflation Rate in Ghana is expected to be 9.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.