Ghana Inflation Rate  1998-2016 | Data | Chart | Calendar | Forecast

Consumer prices in Ghana increased 19 percent year-on-year in January of 2016, following a 17.7 percent rise in the previous month. It is the highest inflation rate since August of 2009, mainly boosted by prices of fuel, food and utilities after the country raised tariffs for electricity and water in December to increase competition in the sector. Year-on-year, prices of housing, water, electricity, gas and other fuels rose faster by 45.5 percent ; transport prices went up 30.8 percent and food and non-alcoholic beverages increased 8.2 percent. Meanwhile prices went up at a slightly slower pace for recreation and culture (+25 percent); furnishing, household items (+24.5 percent ); education (+22.2 percent); clothing, footwear (+21.4 percent) and hotels and cafes (+18.5 percent). On a monthly basis, consumer prices went up by 4.6 percent, compared to a 1.1 percent increase in the previous month. Inflation Rate in Ghana averaged 17.13 percent from 1998 until 2016, reaching an all time high of 63 percent in March of 2001 and a record low of 0.40 percent in May of 1999. Inflation Rate in Ghana is reported by the Ghana Statistical Service.

Ghana Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
19.00 17.70 63.00 0.40 1998 - 2016 percent Monthly
2012=100
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 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-12-09 10:45 AM Nov 17.6% 17.4% 17.18%
2016-01-13 10:15 AM Dec 17.7% 17.6% 17.8%
2016-02-10 10:30 AM Jan 19% 17.7% 17.8%
2016-03-09 10:40 AM Feb 19% 17.8%
2016-04-13 10:30 AM Mar 17.7%
2016-05-11 10:30 AM Apr 17.9%

Ghana Inflation Rate at 6-1/2-Year High


Consumer prices in Ghana increased 19 percent year-on-year in January of 2016, following a 17.7 percent rise in the previous month. It is the highest inflation rate since August of 2009, mainly boosted by prices of fuel, food and utilities after the country raised tariffs for electricity and water in December to increase competition in the sector.

Year-on-year, prices of housing, water, electricity, gas and other fuels rose faster by 45.5 percent (+24.3 percent in December); transport prices went up 30.8 percent (+27.0 percent in December) and food and non-alcoholic beverages increased 8.2 percent (+8.0 percent in December). Meanwhile prices went up at a slightly slower pace for recreation and culture (25 percent from 26.9 percent in December); furnishing, household items (24.5 percent from 25.8 percent in December); education (22.2 percent from 26.8 percent in December); clothing, footwear (21.4 percent from 24.1 percent in December) and hotels and cafes (18.5 percent from 18.9 percent in December).

On a monthly basis, consumer prices went up by 4.6 percent, compared to a 1.1 percent increase in the previous month. Food prices rose by 5.8 percent; housing, water, electricity, gas and other fuels increased by 17.7 percent, transport grew by 3.6 percent and health went up 0.8 percent. Additional upward pressure came from education (+2.5 percent), clothing and footwear (+1.8 percent) and communication (+1.1 percent).

Ghana Statistical Service | Mojdeh Kazemi | mojdeh@tradingeconomics.com
2/10/2016 1:57:19 PM

Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 19.00 17.70 63.00 0.40 percent [+]
Consumer Price Index CPI 160.60 158.90 160.60 9.81 Index Points [+]
Producer Prices 504.50 475.10 504.50 135.81 Index Points [+]
Food Inflation 8.00 7.90 8.90 5.00 percent [+]
Producer Prices Change 10.50 3.00 48.56 2.80 Percent [+]
Inflation Rate Mom 4.60 1.10 10.87 -3.34 percent [+]




Last
Afghanistan 0.08 Dec/15
Albania 1.50 Jan/16
Algeria 3.84 Dec/15
Angola 14.27 Dec/15
Argentina 26.90 Dec/15
Armenia -0.40 Jan/16
Aruba -0.93 Dec/15
Australia 1.70 Dec/15
Austria 1.00 Dec/15
Azerbaijan 4.00 Dec/15
Bahamas 1.41 Jun/15
Bahrain 0.70 Dec/15
Bangladesh 6.07 Jan/16
Barbados -0.25 Oct/15
Belarus 12.00 Dec/15
Belgium 1.74 Jan/16
Belize -0.70 Dec/15
Benin 2.30 Dec/15
Bhutan 3.53 Dec/15
Bolivia 2.39 Jan/16
Bosnia and Herzegovina -1.00 Dec/15
Botswana 3.10 Dec/15
Brazil 10.71 Jan/16
Brunei -1.00 Dec/15
Bulgaria -0.40 Dec/15
Burkina Faso 2.10 Dec/15
Burundi 6.30 Jan/16
Cambodia 1.90 Nov/15
Cameroon 4.29 Jun/15
Canada 1.60 Dec/15
Cape Verde -0.50 Dec/15
Cayman Islands -2.90 Sep/15
Central African Republic 25.58 Jun/14
Chad -0.40 Nov/15
Chile 4.80 Jan/16
China 1.60 Dec/15
Colombia 7.45 Jan/16
Comoros 1.40 Dec/14
Congo 2.08 Dec/15
Costa Rica -0.17 Jan/16
Croatia -0.60 Jan/16
Cuba 5.30 Dec/14
Cyprus -1.30 Jan/16
Czech Republic 0.60 Jan/16
Denmark 0.60 Jan/16
Djibouti 2.60 Mar/15
Dominican Republic 2.34 Dec/15
East Timor -0.60 Dec/15
Ecuador 3.09 Jan/16
Egypt 10.10 Jan/16
El Salvador 1.80 Jan/16
Equatorial Guinea 3.60 Dec/14
Eritrea 11.60 Dec/14
Estonia -0.60 Jan/16
Ethiopia 10.20 Jan/16
Euro Area 0.40 Jan/16
European Union 0.20 Dec/15
Fiji 1.60 Dec/15
Finland -0.20 Dec/15
France 0.20 Jan/16
Gabon -0.01 Jun/15
Gambia 6.57 Sep/15
Georgia 5.60 Jan/16
Germany 0.50 Jan/16
Ghana 19.00 Jan/16
Greece -0.20 Dec/15
Guatemala 4.38 Jan/16
Guinea 7.30 Dec/15
Guinea Bissau 2.40 Dec/15
Guyana 0.18 May/15
Haiti 12.00 Dec/15
Honduras 3.08 Jan/16
Hong Kong 2.50 Dec/15
Hungary 0.90 Jan/16
Iceland 2.10 Jan/16
India 5.69 Jan/16
Indonesia 4.14 Jan/16
Iran 9.40 Dec/15
Iraq 2.30 Dec/15
Ireland 0.10 Dec/15
Israel -1.00 Dec/15
Italy 0.30 Jan/16
Ivory Coast 1.30 Dec/15
Jamaica 3.66 Dec/15
Japan 0.20 Dec/15
Jordan -1.60 Dec/15
Kazakhstan 14.40 Jan/16
Kenya 7.78 Jan/16
Kosovo -0.10 Dec/15
Kuwait 3.00 Dec/15
Kyrgyzstan 1.80 Jan/16
Laos 0.90 Dec/15
Latvia -0.30 Jan/16
Lebanon -3.40 Dec/15
Lesotho 5.10 Dec/15
Liberia 6.50 Sep/15
Libya 11.40 Sep/15
Liechtenstein -1.30 Dec/15
Lithuania 0.90 Jan/16
Luxembourg 1.10 Dec/15
Macau 3.73 Dec/15
Macedonia 0.10 Jan/16
Madagascar 7.60 Dec/15
Malawi 24.90 Dec/15
Malaysia 2.70 Dec/15
Maldives 2.00 Nov/15
Mali 1.00 Dec/15
Malta 1.20 Dec/15
Mauritania 0.50 Dec/15
Mauritius 0.40 Jan/16
Mexico 2.61 Jan/16
Moldova 13.60 Dec/15
Mongolia 1.90 Dec/15
Montenegro 1.40 Nov/15
Morocco 0.60 Dec/15
Mozambique 11.25 Jan/16
Myanmar 10.19 Jul/15
Namibia 5.30 Jan/16
Nepal 11.60 Dec/15
Netherlands 0.60 Jan/16
New Caledonia 0.70 Dec/15
New Zealand 0.10 Dec/15
Nicaragua 3.19 Jan/16
Niger 2.20 Dec/15
Nigeria 9.60 Dec/15
North Korea 55.00 Jul/13
Norway 3.00 Jan/16
Oman -0.10 Dec/15
Pakistan 3.32 Jan/16
Palestine 0.97 Dec/15
Panama 0.20 Dec/15
Papua New Guinea 5.80 Sep/15
Paraguay 5.20 Jan/16
Peru 4.61 Jan/16
Philippines 1.30 Jan/16
Poland -0.70 Jan/16
Portugal 0.80 Jan/16
Puerto Rico -0.20 Dec/15
Qatar 2.80 Jan/16
Republic of the Congo 3.70 Apr/15
Romania -0.90 Dec/15
Russia 9.80 Jan/16
Rwanda 6.60 Jan/16
Sao Tome and Principe 4.00 Dec/15
Saudi Arabia 2.30 Dec/15
Senegal 1.50 Jan/16
Serbia 1.50 Dec/15
Seychelles -0.10 Jan/16
Sierra Leone 8.85 Dec/15
Singapore -0.60 Dec/15
Slovakia -0.50 Dec/15
Slovenia -0.50 Jan/16
Somalia -4.00 Dec/14
South Africa 5.20 Dec/15
South Korea 0.80 Jan/16
South Sudan 165.00 Jan/17
Spain -0.30 Jan/16
Sri Lanka 0.90 Jan/16
Sudan 12.44 Jan/16
Suriname 25.00 Dec/15
Swaziland 4.50 Nov/15
Sweden 0.10 Dec/15
Switzerland -1.30 Jan/16
Syria 38.80 Jul/15
Taiwan 0.81 Jan/16
Tajikistan 5.20 Nov/15
Tanzania 6.50 Jan/16
Thailand -0.53 Jan/16
Togo 1.60 Dec/15
Trinidad and Tobago 1.50 Dec/15
Tunisia 3.50 Jan/16
Turkey 9.58 Jan/16
Turkmenistan 4.42 Dec/14
Uganda 7.60 Jan/16
Ukraine 40.30 Jan/16
United Arab Emirates 3.60 Dec/15
United Kingdom 0.20 Dec/15
United States 0.70 Dec/15
Uruguay 9.68 Jan/16
Uzbekistan 2.60 Mar/14
Venezuela 108.70 Sep/15
Vietnam 0.80 Jan/16
Yemen 9.49 Nov/14
Zambia 21.80 Jan/16
Zimbabwe -2.47 Dec/15