Ghana Inflation Rate  1998-2017 | Data | Chart | Calendar | Forecast

The annual inflation rate in Ghana slowed to 13.3 percent in January of 2017 from 15.4 percent in the previous month. It was the lowest inflation rate since November of 2013, as non-food cost rose at a slower pace namely for housing and utilities and transport and food prices also increased less. Inflation Rate in Ghana averaged 17.13 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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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-14 11:20 AM Nov 15.5% 15.8% 16%
2017-01-11 10:30 AM Dec 15.4% 15.5% 15.20%
2017-02-15 12:00 PM Jan 13.3% 15.4% 14.72%
2017-03-09 10:30 AM Feb 13.3% 12.56%
2017-04-13 10:30 AM Mar 11.96%
2017-05-11 10:30 AM Apr 11.16%




Ghana Inflation Rate Lowest Since November 2013


The annual inflation rate in Ghana slowed to 13.3 percent in January of 2017 from 15.4 percent in the previous month. It was the lowest inflation rate since November of 2013, as non-food cost rose at a slower pace namely for housing and utilities and transport and food prices also increased less.

Non-food inflation fell to 16.6 percent (18.2 percent in the previous month) as cost increased at slower pace for housing and utilities (4.4 percent from 20.2 percent), transport (24.6 percent from 27.2 percent) and health (18.2 percent from 18.5 percent).

Additional upward pressure came from: education (25.1 percent from 23.4 percent), recreation and culture (24.4 percent from 20.3 percent), furnishings and household items (22.1 percent from 18.8 percent), clothing and footwear (18 percent from 16.4 percent), miscellaneous goods and services (15.9 percent from 14.7 percent), hotels, cafés and restaurants (13.3 percent from 13.7 percent), alcohol beverages and tobacco (13.7 percent from 13.5 percent) and communication (12.6 percent from 10.8 percent).

Moreover, prices of food and non-alcoholic beverages items increased at a slower 7 percent from 9.7 percent in December, namely vegetables (1.6 percent from 5.5 percent), milk and cheese products (4.6 percent from 6.9 percent), fruits (5.4 percent from 9.2 percent), meat and meat products (11.6 percent from 15 percent) and coffee, tea and cocoa (7.8 percent from 14 percent).

On a monthly basis, consumer prices jumped 2.8 percent, following a 0.9 percent increase in the previous month.

Ghana Statistical Service | Deborah Neves | deborah.neves@tradingeconomics.com
2/15/2017 2:38:18 PM



Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 13.30 15.40 63.00 0.40 percent [+]
Consumer Price Index CPI 190.34 185.30 190.34 9.81 Index Points [+]
Producer Prices 528.60 531.70 540.90 135.81 Index Points [+]
Food Inflation 7.00 9.70 9.70 5.00 percent [+]
Producer Prices Change 4.90 11.90 48.56 2.80 percent [+]
Inflation Rate Mom 0.90 0.80 10.87 -3.34 percent [+]



Ghana Inflation Rate Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
13.30 15.40 63.00 0.40 1998 - 2017 percent Monthly
2012=100



Last
Afghanistan 4.60 Nov/16
Albania 2.80 Jan/17
Algeria 6.95 Dec/16
Angola 40.39 Jan/17
Argentina 40.50 Apr/16
Armenia -0.60 Jan/17
Aruba -0.30 Dec/16
Australia 1.50 Dec/16
Austria 1.40 Dec/16
Azerbaijan 11.90 Jan/17
Bahamas 0.80 Dec/16
Bahrain 0.80 Jan/17
Bangladesh 5.15 Jan/17
Barbados -0.60 Jul/16
Belarus 9.50 Jan/17
Belgium 2.65 Jan/17
Belize 1.10 Dec/16
Benin -2.80 Dec/16
Bhutan 3.71 Dec/16
Bolivia 3.68 Jan/17
Bosnia and Herzegovina -0.20 Dec/16
Botswana 3.10 Jan/17
Brazil 5.35 Jan/17
Brunei -1.60 Dec/16
Bulgaria 1.40 Jan/17
Burkina Faso -1.70 Dec/16
Burundi 12.90 Jan/17
Cambodia 3.61 Nov/16
Cameroon 0.55 Sep/17
Canada 1.50 Dec/16
Cape Verde -1.40 Dec/16
Cayman Islands 0.50 Sep/16
Central African Republic 38.04 Feb/16
Chad -4.40 Oct/16
Chile 2.80 Jan/17
China 2.50 Jan/17
Colombia 5.47 Jan/17
Comoros 1.40 Dec/14
Congo 11.20 Dec/16
Costa Rica 0.66 Jan/17
Croatia 0.20 Dec/16
Cuba 4.50 Dec/16
Cyprus 0.50 Jan/17
Czech Republic 2.20 Jan/17
Denmark 0.90 Jan/17
Djibouti 3.65 Nov/16
Dominican Republic 2.33 Jan/17
East Timor 0.00 Dec/16
Ecuador 0.90 Jan/17
Egypt 28.10 Jan/17
El Salvador -0.26 Jan/17
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia 2.70 Jan/17
Ethiopia 6.10 Jan/17
Euro Area 1.80 Jan/17
European Union 1.20 Dec/16
Fiji 6.80 Jan/17
Finland 0.80 Jan/17
France 1.30 Jan/17
Gabon 2.09 Feb/16
Gambia 7.43 Sep/16
Georgia 3.90 Jan/17
Germany 1.90 Jan/17
Ghana 13.30 Jan/17
Greece 1.20 Jan/17
Guatemala 3.83 Jan/17
Guinea 8.60 Nov/16
Guinea Bissau 0.70 Nov/16
Guyana 1.40 Dec/16
Haiti 14.10 Jan/17
Honduras 3.44 Jan/17
Hong Kong 1.30 Jan/17
Hungary 2.30 Jan/17
Iceland 1.90 Jan/17
India 3.17 Jan/17
Indonesia 3.49 Jan/17
Iran 9.60 Jan/17
Iraq -0.70 Dec/16
Ireland 0.30 Jan/17
Israel 0.10 Jan/17
Italy 0.90 Jan/17
Ivory Coast 1.10 Jan/17
Jamaica 2.60 Jan/17
Japan 0.30 Dec/16
Jordan 2.50 Jan/17
Kazakhstan 7.90 Jan/17
Kenya 6.99 Jan/17
Kosovo 1.70 Jan/17
Kuwait 3.51 Dec/16
Kyrgyzstan 0.50 Jan/17
Laos 2.27 Jan/17
Latvia 2.90 Jan/17
Lebanon 4.68 Jan/17
Lesotho 5.30 Dec/16
Liberia 8.50 Sep/16
Libya 29.40 Sep/16
Liechtenstein 0.30 Jan/17
Lithuania 2.30 Jan/17
Luxembourg 1.70 Jan/17
Macau 1.76 Jan/17
Macedonia 0.60 Jan/17
Madagascar 7.00 Dec/16
Malawi 18.20 Jan/17
Malaysia 1.80 Dec/16
Maldives 1.80 Dec/16
Mali -0.70 Nov/16
Malta 1.00 Dec/16
Mauritania 2.80 Dec/16
Mauritius 1.80 Jan/17
Mexico 4.72 Jan/17
Moldova 3.00 Jan/17
Mongolia 3.30 Jan/17
Montenegro 0.90 Dec/16
Morocco 1.80 Dec/16
Mozambique 20.56 Jan/17
Myanmar 11.38 May/16
Namibia 8.20 Jan/17
Nepal 3.20 Jan/17
Netherlands 1.70 Jan/17
New Caledonia 0.60 Dec/16
New Zealand 1.30 Dec/16
Nicaragua 3.88 Jan/17
Niger -2.20 Dec/16
Nigeria 18.72 Jan/17
North Korea 55.00 Jul/13
Norway 2.80 Jan/17
Oman 1.80 Jan/17
Pakistan 3.66 Jan/17
Palestine -0.26 Jan/17
Panama 1.60 Jan/17
Papua New Guinea 6.80 Sep/16
Paraguay 1.90 Jan/17
Peru 3.10 Jan/17
Philippines 2.70 Jan/17
Poland 1.80 Jan/17
Portugal 1.30 Jan/17
Puerto Rico 0.50 Dec/16
Qatar 1.20 Jan/17
Republic of the Congo 3.70 Apr/15
Romania 0.10 Jan/17
Russia 5.00 Jan/17
Rwanda 12.00 Jan/17
Sao Tome and Principe 5.10 Dec/16
Saudi Arabia -0.40 Jan/17
Senegal 1.80 Jan/17
Serbia 1.60 Dec/16
Seychelles -0.60 Jan/17
Sierra Leone 15.26 Nov/16
Singapore 0.20 Dec/16
Slovakia 0.70 Jan/17
Slovenia 1.30 Jan/17
Somalia -4.00 Dec/14
South Africa 6.60 Jan/17
South Korea 2.00 Jan/17
South Sudan 479.70 Dec/16
Spain 3.00 Jan/17
Sri Lanka 5.60 Jan/17
Sudan 30.47 Dec/16
Suriname 52.40 Dec/16
Swaziland 8.70 Dec/16
Sweden 1.40 Jan/17
Switzerland 0.30 Jan/17
Syria 52.50 Jul/16
Taiwan 2.25 Jan/17
Tajikistan 5.30 Jan/17
Tanzania 5.20 Jan/17
Thailand 1.55 Jan/17
Togo 0.40 Dec/16
Trinidad and Tobago 2.90 Nov/16
Tunisia 4.60 Jan/17
Turkey 9.22 Jan/17
Turkmenistan 6.17 Dec/16
Uganda 5.90 Jan/17
Ukraine 12.60 Jan/17
United Arab Emirates 2.60 Nov/16
United Kingdom 1.80 Jan/17
United States 2.50 Jan/17
Uruguay 8.30 Jan/17
Uzbekistan 5.70 Dec/16
Venezuela 800.00 Dec/16
Vietnam 5.22 Jan/17
Yemen 9.49 Nov/14
Zambia 7.00 Jan/17
Zimbabwe -0.65 Jan/17