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

The annual inflation in Ghana increased to 16.9 percent in August of 2016 from 16.7 percent in the previous month as cost of housing and utilities and transport rose at faster pace. On a monthly basis, consumer prices fell 0.6 percent following a 0.9 percent increase in the previous month. Inflation Rate in Ghana averaged 17.17 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
16.90 16.70 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-13 10:20 AM Jun 18.4% 18.9% 19.1%
2016-08-10 10:35 AM Jul 16.7% 18.4% 17.5% 18.2%
2016-09-14 10:25 AM Aug 16.9% 16.7% 17%
2016-10-12 10:35 AM Sep 16.9% 16.5%
2016-11-09 10:50 AM Oct 16.9%
2016-12-14 10:50 AM Nov 16.4%

Ghana Infaltion Rate Fastens to 16.9% in August


The annual inflation in Ghana accelerated to 16.9 percent in August of 2016, from 16.7 percent in the previous month. The rise in consumer prices was mainly due to higher cost of housing and utilities and transport.

Year-on-year, prices went up for food and non-alcoholic beverages (8.5 percent from 8.6 percent); transport (27.4 percent from 27.2 percent in July) and housing and utilities (28.1 percent from 25.4 percent). Additional pressure came from: clothing and footwear (22.8 percent from 24.3 percent); recreation and culture (27.2 percent from 28.3 percent); furnishings and household items (22 percent from 23 percent); education (34.1 percent from 35.4 percent); miscellaneous goods and services (14.2 percent from 17.1 percent); health (14.2 percent from 14.6 percent); hotels, cafes and restaurants (15.1 percent from 15.5 percent) and communication (12 percent from 13 percent).

On a monthly basis, consumer prices fell 0.6 percent, following a 0.9 percent rise in the previous month. Cost of food dropped 1.4 percent, housing and utilities went down 0.5 percent and transport edged down 0.1 percent.

Ghana Statistical Service | Mojdeh Kazemi | mojdeh@tradingeconomics.com
9/14/2016 12:09:36 PM

Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 16.90 16.70 63.00 0.40 percent [+]
Consumer Price Index CPI 179.21 180.30 180.30 9.81 Index Points [+]
Producer Prices 540.90 536.10 540.90 135.81 Index Points [+]
Food Inflation 8.50 8.60 8.90 5.00 percent [+]
Inflation Rate Mom -0.60 0.90 10.87 -3.34 percent [+]
Producer Prices Change 10.30 7.60 48.56 2.80 percent [+]




Last
Afghanistan 7.32 Aug/16
Albania 2.00 Aug/16
Algeria 7.43 Jul/16
Angola 38.18 Aug/16
Argentina 40.50 Apr/16
Armenia -1.90 Aug/16
Aruba -1.10 Jul/16
Australia 1.00 Jun/16
Austria 0.60 Aug/16
Azerbaijan 10.80 Aug/16
Bahamas -0.33 Jun/16
Bahrain 2.60 Aug/16
Bangladesh 5.37 Aug/16
Barbados -1.20 Apr/16
Belarus 11.80 Aug/16
Belgium 2.16 Aug/16
Belize 1.00 Jul/16
Benin -1.20 Aug/16
Bhutan 3.31 Jun/16
Bolivia 3.49 Aug/16
Bosnia and Herzegovina -1.20 Aug/16
Botswana 2.60 Aug/16
Brazil 8.97 Aug/16
Brunei -0.70 Aug/16
Bulgaria -0.30 Aug/16
Burkina Faso -0.70 Jul/16
Burundi 6.60 Aug/16
Cambodia 3.25 Jun/16
Cameroon 0.64 Jun/16
Canada 1.10 Aug/16
Cape Verde -1.80 Aug/16
Cayman Islands -2.80 Mar/16
Central African Republic 38.04 Feb/16
Chad -1.10 Jul/16
Chile 3.40 Aug/16
China 1.30 Aug/16
Colombia 8.10 Aug/16
Comoros 1.40 Dec/14
Congo 5.52 Jul/16
Costa Rica 0.60 Aug/16
Croatia -1.50 Aug/16
Cuba 4.40 Dec/15
Cyprus -0.36 Aug/16
Czech Republic 0.60 Aug/16
Denmark 0.20 Aug/16
Djibouti 2.00 Jul/16
Dominican Republic 1.47 Aug/16
East Timor -1.60 Aug/16
Ecuador 1.42 Aug/16
Egypt 15.50 Aug/16
El Salvador 0.95 Aug/16
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia 0.30 Aug/16
Ethiopia 5.90 Aug/16
Euro Area 0.20 Aug/16
European Union 0.30 Aug/16
Fiji 5.90 Aug/16
Finland 0.40 Aug/16
France 0.20 Aug/16
Gabon 2.09 Feb/16
Gambia 6.67 Dec/15
Georgia 0.90 Aug/16
Germany 0.40 Aug/16
Ghana 16.90 Aug/16
Greece -0.90 Aug/16
Guatemala 4.74 Aug/16
Guinea 8.20 May/16
Guinea Bissau 3.00 Jul/16
Guyana 0.62 Jul/16
Haiti 12.90 Jul/16
Honduras 2.51 Aug/16
Hong Kong 4.30 Aug/16
Hungary -0.10 Aug/16
Iceland 0.90 Aug/16
India 5.05 Aug/16
Indonesia 2.79 Aug/16
Iran 9.40 Aug/16
Iraq -0.40 Jul/16
Ireland -0.10 Aug/16
Israel -0.70 Aug/16
Italy -0.10 Aug/16
Ivory Coast -0.40 Aug/16
Jamaica 1.80 Aug/16
Japan -0.40 Jul/16
Jordan -0.60 Aug/16
Kazakhstan 17.60 Aug/16
Kenya 6.26 Aug/16
Kosovo 0.00 Aug/16
Kuwait 2.90 Aug/16
Kyrgyzstan 0.50 Aug/16
Laos 1.97 Jul/16
Latvia 0.00 Aug/16
Lebanon -0.79 Aug/16
Lesotho 7.50 Jun/16
Liberia 8.44 Jun/16
Libya 27.40 Jun/16
Liechtenstein -0.10 Aug/16
Lithuania 0.80 Aug/16
Luxembourg 0.16 Aug/16
Macau 1.65 Aug/16
Macedonia -0.30 Aug/16
Madagascar 6.70 Jul/16
Malawi 22.80 Aug/16
Malaysia 1.50 Aug/16
Maldives 0.10 Jul/16
Mali -3.70 Jul/16
Malta 1.00 Aug/16
Mauritania 1.60 Aug/16
Mauritius 0.90 Aug/16
Mexico 2.73 Aug/16
Moldova 3.60 Aug/16
Mongolia -0.20 Aug/16
Montenegro -0.50 Aug/16
Morocco 1.60 Aug/16
Mozambique 21.96 Aug/16
Myanmar 11.41 Dec/15
Namibia 6.80 Aug/16
Nepal 10.40 Jul/16
Netherlands 0.20 Aug/16
New Caledonia 0.80 Aug/16
New Zealand 0.40 Jun/16
Nicaragua 3.80 Aug/16
Niger 0.10 Jul/16
Nigeria 17.60 Aug/16
North Korea 55.00 Jul/13
Norway 4.00 Aug/16
Oman 1.34 Aug/16
Pakistan 3.56 Aug/16
Palestine 0.45 Aug/16
Panama 0.50 Aug/16
Papua New Guinea 6.50 Mar/16
Paraguay 3.20 Aug/16
Peru 2.94 Aug/16
Philippines 1.80 Aug/16
Poland -0.80 Aug/16
Portugal 0.70 Aug/16
Puerto Rico -1.40 Jul/16
Qatar 2.90 Aug/16
Republic of the Congo 3.70 Apr/15
Romania -0.20 Aug/16
Russia 6.90 Aug/16
Rwanda 7.50 Aug/16
Sao Tome and Principe 5.50 Jul/16
Saudi Arabia 3.30 Aug/16
Senegal 1.30 Aug/16
Serbia 1.20 Aug/16
Seychelles -1.60 Aug/16
Sierra Leone 8.77 Mar/16
Singapore -0.30 Aug/16
Slovakia -0.80 Aug/16
Slovenia 0.00 Aug/16
Somalia -4.00 Dec/14
South Africa 5.90 Aug/16
South Korea 0.40 Aug/16
South Sudan 729.70 Aug/16
Spain -0.10 Aug/16
Sri Lanka 4.00 Aug/16
Sudan 18.15 Aug/16
Suriname 63.80 Jun/16
Swaziland 7.40 Jul/16
Sweden 1.10 Aug/16
Switzerland -0.10 Aug/16
Syria 48.09 Dec/15
Taiwan 0.57 Aug/16
Tajikistan 6.40 Aug/16
Tanzania 4.90 Aug/16
Thailand 0.29 Aug/16
Togo -1.40 Aug/16
Trinidad and Tobago 2.90 Jul/16
Tunisia 3.80 Aug/16
Turkey 8.05 Aug/16
Turkmenistan 7.00 Dec/15
Uganda 4.80 Aug/16
Ukraine 8.40 Aug/16
United Arab Emirates 1.76 Jul/16
United Kingdom 0.60 Aug/16
United States 1.10 Aug/16
Uruguay 9.37 Aug/16
Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
Vietnam 3.34 Sep/16
Yemen 9.49 Nov/14
Zambia 19.60 Aug/16
Zimbabwe -1.43 Aug/16