Ghana Inflation Rate 1998-2015 | Data | Chart | Calendar | Forecast

The inflation rate in Ghana was recorded at 16.60 percent in March of 2015. Inflation Rate in Ghana averaged 17.11 percent from 1998 until 2015, 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.

     Forecast  
Ghana Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
16.60 16.50 63.00 0.40 1998 - 2015 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 Sunday, May 3, 2015.


Ghana Inflation Rate Edges Up in March


Consumer prices in Ghana rose 16.6 percent year-on-year in March of 2015, slightly up from 16.5 percent reported in the previous month, boosted by rising food prices.

Year-on-year food cost rose to 7.2 percent, the strongest growth since July last year. 

The largest upward pressure came from: housing, water, electricity and gas (+26.2 percent), clothing and footwear (+22.4 percent), transport prices (+25.8 percent), furnishings and household equipment (+20.9 percent), education (+22.9 percent) and health (+18.1 percent).

On a monthly basis, the consumer price index increased by 1.0 percent, easing from a 1.2 percent rise in the previous month.

Ghana Statistical Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/16/2015 2:02:42 PM


Recent Releases

Ghana Inflation Rate at 16.5 percent in February
Ghanese annual inflation rate rose to 16.5 percent in February of 2015, from 16.4 percent reported in the previous month, due to increase in food cost. Published on 2015-03-11

Ghana Inflation Rate Slows for the First Time in 17 Months
Ghana’s annual inflation rate eased to 16.4 percent in January of 2015, from 17 percent in the previous month as the government reduced petroleum prices due to the drop in crude oil cost in the world market. Published on 2015-02-16


Calendar GMT Event Actual Previous Consensus Forecast (i)
2015-02-11 10:30 AM
Inflation Rate YoY  Jan
16.4% 17% 17.21%
2015-03-11 10:40 AM
Inflation Rate YoY  Feb
16.5% 16.4% 16.52%
2015-04-15 11:30 AM
Inflation Rate YoY  Mar
16.6% 16.5% 16.8%
2015-05-12 11:30 AM
Inflation Rate YoY  Apr
16.6% 17.65%
2015-06-11 11:30 AM
Inflation Rate YoY  May
17.76%
2015-07-09 11:20 AM
Inflation Rate YoY  Jun
17.86%


Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 16.60 16.50 63.00 0.40 percent [+]
Consumer Price Index CPI 144.30 142.80 144.30 9.81 Index Points [+]
Producer Prices 456.90 450.50 465.20 135.81 Index Points [+]
Food Inflation 7.20 7.00 8.90 5.00 percent [+]
Inflation Rate Mom 1.10 3.90 10.87 -3.34 percent [+]
Producer Prices Change 19.10 21.84 48.56 4.70 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Feb/15 1.70 23.90 -1.30 percent [+]
Brazil 8.13 Mar/15 7.70 6821.31 1.65 percent [+]
Canada 1.20 Mar/15 1.00 21.60 -17.80 percent [+]
China 1.40 Mar/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.00 Apr/15 -0.10 5.00 -0.70 percent [+]
France -0.10 Mar/15 -0.30 18.80 -0.70 percent [+]
Germany 0.40 Apr/15 0.30 11.54 -7.62 percent [+]
India 5.17 Mar/15 5.37 11.16 4.38 percent [+]
Indonesia 6.38 Mar/15 6.29 82.40 -1.17 percent [+]
Italy 0.00 Apr/15 -0.09 25.64 -0.60 percent [+]
Japan 2.30 Mar/15 2.20 25.00 -2.52 percent [+]
Mexico 3.14 Mar/15 3.00 179.73 2.91 percent [+]
Netherlands 0.38 Mar/15 0.20 11.19 -1.30 percent [+]
Russia 16.90 Mar/15 16.70 2333.30 3.60 percent [+]
South Korea 0.40 Apr/15 0.40 32.50 0.20 percent [+]
Spain -0.60 Apr/15 -0.70 28.43 -1.37 percent [+]
Switzerland -0.90 Mar/15 -0.80 11.92 -1.37 percent [+]
Turkey 7.61 Mar/15 7.55 138.71 -4.01 percent [+]
United Kingdom 0.00 Mar/15 0.00 8.50 0.00 percent [+]
United States -0.10 Mar/15 0.00 23.70 -15.80 percent [+]