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

Annual inflation in Ghana increased to 18.9 percent in May of 2016 from 18.7 percent in April, mostly due to a 5 percent jump in cost of fuel early in the month. Food and housing and utilities were other main drivers of the rise. On a monthly basis, consumer prices went up 1.1 percent, following a 1.4 percent rise in the preceding month. Inflation Rate in Ghana averaged 17.16 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
18.90 18.70 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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-13 10:20 AM Mar 19.2% 18.5% 18.1 % 18.1%
2016-05-11 10:30 AM Apr 18.7% 19.2% 19%
2016-06-15 10:30 AM May 18.9% 18.7% 18.6% 18.7%
2016-07-13 10:30 AM Jun 18.9% 19.1%
2016-08-10 10:30 AM Jul 18.9%
2016-09-14 10:30 AM Aug 18.4%

Ghana Inflation Rate Accelerates to 18.9% in May


Annual inflation in Ghana increased to 18.9 percent in May of 2016 from 18.7 percent in April, mostly due to a 5 percent jump in cost of fuel early in the month. Food and housing and utilities were other main drivers of the rise.

Compared to May 2015, prices of food and non-alcoholic beverages (8.5 percent from 8.3 percent in April); transport (40.9 percent from 40 percent); housing and utilities (35.7 percent from 35.8 percent) were the main contributors to the rise. Additional upward pressure came from: clothing and footwear (22.8 percent from 21 percent); recreation and culture (27.9 percent from 26.7 percent); furnishings and household items (21.8 percent from 22.9 percent); education (32.3 percent from 27.7 percent); miscellaneous goods and services (15.4 percent from 18.3 percent); health (13.9 percent from 13.7 percent); hotels, cafes and restaurants (14.4 percent from 15.9 percent) and communication (13.3 percent from 13.6 percent).

On a monthly basis, consumer prices went up 1.1 percent, following a 1.4 percent rise in the preceding month. Food prices grew by 1.2 percent, housing and utilities increased by 0.6 percent, transport rose by 1.1 percent.

Ghana Statistical Service | Mojdeh Kazemi | mojdeh@tradingeconomics.com
6/15/2016 1:49:19 PM

Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 18.90 18.70 63.00 0.40 percent [+]
Consumer Price Index CPI 176.40 174.40 176.40 9.81 Index Points [+]
Producer Prices 531.10 536.30 536.30 135.81 Index Points [+]
Food Inflation 8.50 8.40 8.90 5.00 percent [+]
Inflation Rate Mom 1.10 1.40 10.87 -3.34 percent [+]
Producer Prices Change 11.30 11.20 48.56 2.80 percent [+]




Last
Afghanistan 5.00 May/16
Albania 0.70 May/16
Algeria 6.08 May/16
Angola 29.23 May/16
Argentina 40.50 Apr/16
Armenia -2.10 May/16
Aruba -1.60 Apr/16
Australia 1.30 Mar/16
Austria 0.60 May/16
Azerbaijan 10.50 Apr/16
Bahamas 2.00 Dec/15
Bahrain 3.70 May/16
Bangladesh 5.45 May/16
Barbados -1.40 Feb/16
Belarus 12.40 May/16
Belgium 2.16 Jun/16
Belize 0.10 Apr/16
Benin -0.10 May/16
Bhutan 3.03 Mar/16
Bolivia 5.02 May/16
Bosnia and Herzegovina -1.60 May/16
Botswana 2.80 May/16
Brazil 9.32 May/16
Brunei -0.30 May/16
Bulgaria -2.00 May/16
Burkina Faso 2.00 May/16
Burundi 2.70 May/16
Cambodia 2.03 Mar/16
Cameroon 1.47 Dec/15
Canada 1.50 May/16
Cape Verde -1.00 May/16
Cayman Islands -2.80 Mar/16
Central African Republic 25.58 Jun/14
Chad 0.60 Apr/16
Chile 4.20 May/16
China 2.00 May/16
Colombia 8.20 May/16
Comoros 1.40 Dec/14
Congo 2.16 Apr/16
Costa Rica 0.43 May/16
Croatia -1.80 May/16
Cuba 4.40 Dec/15
Cyprus -2.13 May/16
Czech Republic 0.10 May/16
Denmark 0.10 May/16
Djibouti 2.60 Mar/15
Dominican Republic 1.71 May/16
East Timor -1.70 May/16
Ecuador 1.63 May/16
Egypt 12.30 May/16
El Salvador 0.73 May/16
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia -0.90 May/16
Ethiopia 7.90 May/16
Euro Area 0.10 Jun/16
European Union -0.10 May/16
Fiji 5.20 May/16
Finland 0.30 May/16
France 0.20 Jun/16
Gabon -0.01 Jun/15
Gambia 6.57 Sep/15
Georgia 2.10 May/16
Germany 0.30 Jun/16
Ghana 18.90 May/16
Greece -0.90 May/16
Guatemala 4.27 May/16
Guinea 8.20 May/16
Guinea Bissau 2.20 Apr/16
Guyana 0.30 Mar/16
Haiti 15.10 May/16
Honduras 2.36 May/16
Hong Kong 2.60 May/16
Hungary -0.20 May/16
Iceland 1.60 Jun/16
India 5.76 May/16
Indonesia 3.33 May/16
Iran 7.40 Apr/16
Iraq 2.50 May/16
Ireland 0.00 May/16
Israel -0.80 May/16
Italy -0.40 Jun/16
Ivory Coast 2.30 May/16
Jamaica 2.10 May/16
Japan -0.30 Apr/16
Jordan -1.60 May/16
Kazakhstan 16.70 May/16
Kenya 5.80 Jun/16
Kosovo -0.10 May/16
Kuwait 2.80 May/16
Kyrgyzstan 0.30 May/16
Laos 0.96 Apr/16
Latvia -0.80 May/16
Lebanon -2.45 May/16
Lesotho 7.80 Apr/16
Liberia 7.10 Mar/16
Libya 10.10 Nov/15
Liechtenstein -0.40 May/16
Lithuania 0.50 May/16
Luxembourg -0.03 May/16
Macau 2.64 May/16
Macedonia -0.70 May/16
Madagascar 6.20 Apr/16
Malawi 21.50 May/16
Malaysia 2.00 May/16
Maldives 0.60 Apr/16
Mali -0.60 May/16
Malta 1.00 May/16
Mauritania 0.90 Apr/16
Mauritius 0.80 May/16
Mexico 2.60 May/16
Moldova 7.90 May/16
Mongolia 1.80 May/16
Montenegro -1.00 May/16
Morocco 1.90 May/16
Mozambique 18.27 May/16
Myanmar 14.59 Nov/15
Namibia 6.70 May/16
Nepal 10.00 May/16
Netherlands 0.00 May/16
New Caledonia 0.80 May/16
New Zealand 0.40 Mar/16
Nicaragua 3.70 May/16
Niger 2.10 May/16
Nigeria 15.60 May/16
North Korea 55.00 Jul/13
Norway 3.40 May/16
Oman 1.14 May/16
Pakistan 3.17 May/16
Palestine -0.31 May/16
Panama 0.30 May/16
Papua New Guinea 6.40 Dec/15
Paraguay 3.50 May/16
Peru 3.54 May/16
Philippines 1.60 May/16
Poland -0.80 Jun/16
Portugal 0.30 May/16
Puerto Rico -0.20 Apr/16
Qatar 2.60 May/16
Republic of the Congo 3.70 Apr/15
Romania -3.50 May/16
Russia 7.30 May/16
Rwanda 4.40 May/16
Sao Tome and Principe 6.00 Apr/16
Saudi Arabia 4.10 May/16
Senegal 1.30 Apr/16
Serbia 0.70 May/16
Seychelles -1.20 May/16
Sierra Leone 8.85 Dec/15
Singapore -1.60 May/16
Slovakia -0.80 May/16
Slovenia 0.30 Jun/16
Somalia -4.00 Dec/14
South Africa 6.10 May/16
South Korea 0.80 May/16
South Sudan 295.00 May/16
Spain -0.80 Jun/16
Sri Lanka 6.00 Jun/16
Sudan 13.98 May/16
Suriname 46.10 Apr/16
Swaziland 8.50 Apr/16
Sweden 0.60 May/16
Switzerland -0.40 May/16
Syria 44.70 Nov/15
Taiwan 1.24 May/16
Tajikistan 5.20 May/16
Tanzania 5.20 May/16
Thailand 0.46 May/16
Togo 2.40 May/16
Trinidad and Tobago 3.50 Apr/16
Tunisia 3.60 May/16
Turkey 6.58 May/16
Turkmenistan 7.00 Dec/15
Uganda 5.90 Jun/16
Ukraine 7.50 May/16
United Arab Emirates 1.60 May/16
United Kingdom 0.30 May/16
United States 1.00 May/16
Uruguay 11.00 May/16
Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
Vietnam 2.40 Jun/16
Yemen 9.49 Nov/14
Zambia 21.00 Jun/16
Zimbabwe -1.69 May/16