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

Annual inflation in Ghana eased to 18.7 percent in April of 2016 from 19.2 percent in the previous month. Cost of housing and utilities (35.8 percent from 39.6 percent in March), food and non-alcoholic beverages (8.3 percent from 8.4 percent), transport (40 percent from 40.4 percent), clothing and footwear (21 percent from 23 percent) and education (27.7 percent from 30.9 percent) went up slower. Meantime, cost of miscellaneous goods and services (18.3 percent from 14.8 percent); hotels, cafes and restaurants (15.9 percent from 14.4 percent); furnishings and household items (22.9 percent from 21.5 percent) increased at a faster pace. On a monthly basis, consumer prices rose 1.4 percent, following a 1.7 percent increase in the previous month. Inflation Rate in Ghana averaged 17.15 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
18.70 19.20 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-03-09 10:40 AM Feb 18.5% 19% 18.9%
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 11:00 AM May 18.7% 18.7%
2016-07-13 10:30 AM Jun 18.3%
2016-08-10 10:30 AM Jul 18.6%

Ghana Inflation Rate Slows to 18.7% in April


Annual inflation in Ghana eased to 18.7 percent in April of 2016 from 19.2 percent in March, due to slower rise in cost of housing and utilities, food and transport.

Compared to April 2015, prices of food and non-alcoholic beverages (8.3 percent from 8.4 percent); housing and utilities (35.8 percent from 39.6 percent); transport (40 percent from 40.4 percent); clothing and footwear (21 percent from 23 percent) and education (27.7 percent from 30.9 percent) went up at a slower pace. Meantime, cost of miscellaneous goods and services (18.3 percent from 14.8 percent); hotels, cafes and restaurants (15.9 percent from 14.4 percent); furnishings and household items (22.9 percent from 21.5 percent); recreation and culture (26.7 percent from 28.1 percent)  and communication (13.6 percent from 12.9 percent) increased faster. Cost of health (13.7 percent from 13.7 percent) rose at the same pace.


On a monthly basis, consumer prices rose 1.4 percent, following a 1.7 percent increase in the previous month. Food prices went up 1.5 percent, housing and utilities rose 0.8 percent, transport increase 0.7 percent.

Mojdeh | mojdeh@tradingeconomics.com
5/11/2016 4:51:50 PM

Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 18.70 19.20 63.00 0.40 percent [+]
Consumer Price Index CPI 174.40 172.00 174.40 9.81 Index Points [+]
Producer Prices 527.20 523.10 527.20 135.81 Index Points [+]
Food Inflation 8.40 8.30 8.90 5.00 percent [+]
Inflation Rate Mom 1.40 1.70 10.87 -3.34 percent [+]
Producer Prices Change 13.20 14.30 48.56 2.80 percent [+]




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Albania 0.30 Apr/16
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Argentina 35.00 Mar/16
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Australia 1.30 Mar/16
Austria 0.50 Apr/16
Azerbaijan 10.50 Apr/16
Bahamas 2.00 Dec/15
Bahrain 3.80 Apr/16
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Belgium 2.04 Apr/16
Belize 0.10 Mar/16
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Bhutan 3.03 Mar/16
Bolivia 4.12 Apr/16
Bosnia and Herzegovina -1.60 Apr/16
Botswana 2.80 Apr/16
Brazil 9.28 Apr/16
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Cameroon 1.47 Dec/15
Canada 1.70 Apr/16
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Cuba 5.30 Dec/14
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Czech Republic 0.60 Apr/16
Denmark 0.00 Apr/16
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Dominican Republic 1.75 Apr/16
East Timor -1.60 Mar/16
Ecuador 1.78 Apr/16
Egypt 10.30 Apr/16
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Equatorial Guinea 3.90 Dec/15
Eritrea 11.40 Dec/14
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European Union 0.00 Mar/16
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Finland 0.30 Apr/16
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Georgia 3.20 Apr/16
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Ghana 18.70 Apr/16
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Kosovo -0.10 Apr/16
Kuwait 2.85 Apr/16
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Laos 1.13 Mar/16
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Lebanon -2.35 Apr/16
Lesotho 6.60 Feb/16
Liberia 7.10 Feb/16
Libya 10.10 Nov/15
Liechtenstein -0.40 Apr/16
Lithuania 1.00 Apr/16
Luxembourg 0.07 Apr/16
Macau 3.02 Apr/16
Macedonia -0.70 Apr/16
Madagascar 6.00 Mar/16
Malawi 20.10 Apr/16
Malaysia 2.10 Apr/16
Maldives 1.40 Mar/16
Mali -2.50 Apr/16
Malta 0.80 Apr/16
Mauritania 0.90 Apr/16
Mauritius 0.20 Apr/16
Mexico 2.54 Apr/16
Moldova 8.30 Apr/16
Mongolia 2.10 Apr/16
Montenegro -0.70 Apr/16
Morocco 1.60 Apr/16
Mozambique 17.29 Apr/16
Myanmar 15.19 Sep/15
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Netherlands 0.00 Apr/16
New Caledonia 1.10 Apr/16
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Republic of the Congo 3.70 Apr/15
Romania -3.30 Apr/16
Russia 7.30 Apr/16
Rwanda 4.40 Apr/16
Sao Tome and Principe 4.70 Mar/16
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Senegal 0.70 Apr/16
Serbia 0.40 Apr/16
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Taiwan 1.88 Apr/16
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Tunisia 3.40 Apr/16
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Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
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Zambia 21.30 May/16
Zimbabwe -1.64 Apr/16