Ghana Inflation Rate 1998-2014 | Data | Chart | Calendar | Forecast

The inflation rate in Ghana was recorded at 15.30 percent in July of 2014. Inflation Rate in Ghana averaged 17.13 Percent from 1998 until 2014, 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.

   
 
 
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Ghana Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
15.30 15.00 63.00 0.40 1998 - 2014 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. Content for - Ghana Inflation Rate - was last refreshed on Tuesday, September 2, 2014.


Ghana Inflation Rate Rises to 4-1/2 Year High


Ghana annual inflation rate accelerated to 15.3 percent in July of 2014 from 15.0 percent in the previous month, reaching the highest level since December of 2009.

Year-on-year, prices increased for housing, water, electricity, gas and other fuels (62.0 percent from 53.6 percent in June); and transport (38.3 percent from 24.6 percent).

In contrast, prices slowed for miscellaneous goods and services (13.0 percent yoy from 14.4 percent in June); clothing and footwear (12.9 percent from 15.3 percent); recreation and culture (12.4 percent from 14.2 percent); alcoholic beverages, tobacco, and narcotics (15.1 percent from 15.3 percent); furnishings, household equipment and routine maintenance (9.3 percent from 10.0 percent); education (3.2 percent from 3.7 percent); and communications (8.5 percent from 8.8 percent). Cost of health increased by 13.5 percent and of hotels, cafes, and restaurants by 5 percent. 

On a month-on-month basis, the CPI remained steady at 1.6 percent in July of 2014. Upward inflationary pressure was mostly attributed to higher price of transportation (+11.7 percent) and housing, water, electricity, gas and other fuels (+5.5 percent).

Ghana Statistical Service | Isabel Felino | isabel.felino@tradingeconomics.com
8/13/2014 5:33:06 PM


Recent Releases

Ghana Inflation Rate Continues to Rise
The Ghanaian annual inflation rate accelerated for the tenth consecutive month to 15 percent in June of 2014 from 14.8 percent in May, standing well above the government’s 9.5 percent plus or minus 2 percent target range. Published on 2014-07-09

Ghana Inflation Rate Up to 14.8%
Ghana annual inflation rate accelerated slightly for the ninth straight month to 14.8 percent in May of 2014 from 14.7 percent in the previous month, driven by higher cost of housing, water, electricity, gas and transport. Published on 2014-06-11


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-14 11:30 AM Ghana
Inflation Rate YoY
Apr 2014 14.7% 14.5% 14.22%
2014-06-11 11:30 AM Ghana
Inflation Rate YoY
May 2014 14.8% 14.7% 14.89%
2014-07-09 11:20 AM Ghana
Inflation Rate YoY
Jun 2014 15.0% 14.8% 14.75%
2014-08-13 11:30 AM Ghana
Inflation Rate YoY
Jul 2014 15.3% 15.0% 14.75%
2014-09-15 10:30 AM Ghana
Inflation Rate YoY
Aug 2014 15.3% 15.57%


Prices Last Previous Highest Lowest Unit
Inflation Rate 15.30 15.00 63.00 0.40 Percent [+]
Consumer Price Index (CPI) 131.00 129.00 131.00 9.81 Index Points [+]
Producer Prices 404.50 401.70 404.50 135.81 Index Points [+]
Food Inflation 7.90 8.00 8.90 6.60 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.50 Jul/14 6.52 6821.31 1.65 Percent [+]
Canada 2.10 Jul/14 2.40 21.60 -17.80 Percent [+]
China 2.30 Jul/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.30 Aug/14 0.40 5.00 -0.70 Percent [+]
France 0.50 Jul/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Aug/14 0.85 11.54 -7.62 Percent [+]
India 7.96 Jul/14 7.31 11.16 7.31 Percent [+]
Indonesia 3.99 Aug/14 4.53 82.40 -1.17 Percent [+]
Italy -0.10 Aug/14 0.09 25.64 -2.44 Percent [+]
Japan 3.40 Jul/14 3.60 25.00 -2.52 Percent [+]
Mexico 4.07 Jul/14 3.75 179.73 2.91 Percent [+]
Netherlands 0.89 Jul/14 0.93 11.19 -1.30 Percent [+]
Russia 7.50 Jul/14 7.80 2333.30 3.60 Percent [+]
South Korea 1.40 Aug/14 1.60 32.50 0.20 Percent [+]
Spain -0.50 Aug/14 -0.34 28.43 -1.37 Percent [+]
Switzerland 0.00 Jul/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.32 Jul/14 9.16 138.71 -4.01 Percent [+]
United Kingdom 1.60 Jul/14 1.90 8.50 0.50 Percent [+]
United States 2.00 Jul/14 2.10 23.70 -15.80 Percent [+]





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