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

The annual inflation rate in Ghana slowed slightly to 13.2 percent in February of 2017 from 13.3 percent in the previous month. It was the lowest inflation rate since November of 2013, mainly due to a decline in the price of fuel. Inflation Rate in Ghana averaged 17.11 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)
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%
2017-03-15 10:55 AM Feb 13.2% 13.3% 12.6%
2017-04-13 10:30 AM Mar 13.2% 13.1%
2017-05-11 10:30 AM Apr 13%
2017-06-15 10:30 AM May 13.3%




Ghana Inflation Rate Lowest Since November 2013


The annual inflation rate in Ghana slowed slightly to 13.2 percent in February of 2017 from 13.3 percent in the previous month. It was the lowest inflation rate since November of 2013 mainly due to a decline in the price of fuel.

Non-food inflation fell to 16.4 percent (16.6 percent in the previous month) as cost increased at slower pace for transport (23.3 percent from 24.6 percent), miscellaneous goods and services (15.3 percent from 15.9 percent), clothing and footwear (17.8 percent from 18 percent), education (19.6 percent from 25.1 percent) and health (17.1 percent from 18.2 percent).

Additional upward pressure came from: recreation and culture (24.4 percent from 20.3 percent), furnishings and household items (22.5 percent from 22.1 percent), hotels, cafés and restaurants (13.9 percent from 13.3 percent), alcohol beverages and tobacco (13.9 percent from 13.7 percent) and communication (10.8 percent from 12.6 percent).

Meanwhile, prices of food and non-alcoholic beverages items rose faster by 7.1 percent from 7 percent in January, namely fish and sea food (14.3 percent), meat and meat products (11.2 percent), mineral water, soft drinks, fruit and vegetable juices (7.9 percent) and coffee, tea and cocoa (7.4 percent).

On a monthly basis, consumer prices increased 0.6 percent, following a 2.8 percent gain in the previous month.

Deborah Neves | deborah.neves@tradingeconomics.com
3/15/2017 1:50:48 PM



Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 13.20 13.30 63.00 0.40 percent [+]
Consumer Price Index CPI 191.53 190.34 191.53 9.81 Index Points [+]
Producer Prices 551.20 539.30 551.20 135.81 Index Points [+]
Food Inflation 7.10 7.00 9.70 5.00 percent [+]
Producer Prices Change 5.40 3.10 48.56 2.80 percent [+]
Inflation Rate Mom 2.80 0.90 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
13.20 13.30 63.00 0.40 1998 - 2017 percent Monthly
2012=100



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