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

The inflation rate in Ghana was recorded at 16.90 percent in May 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
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Actual Previous Highest Lowest Dates Unit Frequency
16.90 16.80 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 Wednesday, July 1, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-15 11:30 AM Mar 16.6% 16.5% 16.8%
2015-05-13 11:30 AM Apr 16.8% 16.6% 17.65%
2015-06-10 12:00 PM May 16.9% 16.8% 17% 17%
2015-07-09 11:20 AM Jun 16.9% 16.96%
2015-08-13 11:30 AM Jul 16.98%
2015-09-10 01:30 PM Aug 16.93%


Ghana Inflation Rate at 5-Month High


Consumer prices in Ghana increased 16.9 percent year-on-year in May of 2015, up from a 16.8 percent rise in the previous month as a weak cedi keeps pushing import prices up.

Food prices increased 7.3 percent, housing and utilities surged 25.4 percent and clothing and footwear went up 24.4 percent. Additional upward pressure came from transport (up 25.2 percent), miscellaneous goods and services (up 19.5 percent) and restaurants, cafes and hotels (up 21 percent).

On a monthly basis, consumer prices rose 1 percent, slowing from a 1.8 percent increase in April.

Joana Taborda | joana.taborda@tradingeconomics.com
6/10/2015 3:42:23 PM


Recent Releases

Ghana Inflation Rate Continues to Rise
Consumer prices in Ghana increased 16.8 percent year-on-year in April of 2015, up from 16.6 percent in March, due to higher utilities cost.
Published on 2015-05-15

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.
Published on 2015-04-16

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


Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 16.90 16.80 63.00 0.40 percent [+]
Consumer Price Index CPI 148.40 146.90 148.40 9.81 Index Points [+]
Producer Prices 477.80 473.80 477.80 135.81 Index Points [+]
Food Inflation 7.30 7.20 8.90 5.00 percent [+]
Inflation Rate Mom 1.00 1.80 10.87 -3.34 percent [+]
Producer Prices Change 19.00 19.47 48.56 4.70 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.30 Mar/15 1.70 23.90 -1.30 percent [+]
Brazil 8.47 May/15 8.17 6821.31 1.65 percent [+]
Canada 0.90 May/15 0.80 21.60 -17.80 percent [+]
China 1.20 May/15 1.50 28.40 -2.20 percent [+]
Euro Area 0.20 Jun/15 0.30 5.00 -0.70 percent [+]
France 0.30 May/15 0.10 18.80 -0.70 percent [+]
Germany 0.30 Jun/15 0.70 11.54 -7.62 percent [+]
India 5.01 May/15 4.87 11.16 4.38 percent [+]
Indonesia 7.26 Jun/15 7.15 82.40 -1.17 percent [+]
Italy 0.10 Jun/15 0.10 25.64 -0.60 percent [+]
Japan 0.50 May/15 0.60 25.00 -2.52 percent [+]
Mexico 2.88 May/15 3.06 179.73 2.88 percent [+]
Netherlands 1.10 May/15 0.60 11.19 -1.30 percent [+]
Russia 15.80 May/15 16.40 2333.30 3.60 percent [+]
South Korea 0.70 Jun/15 0.50 32.50 0.20 percent [+]
Spain 0.10 Jun/15 -0.20 28.43 -1.37 percent [+]
Switzerland -1.20 May/15 -1.10 11.92 -1.37 percent [+]
Turkey 8.09 May/15 7.91 138.71 -4.01 percent [+]
United Kingdom 0.10 May/15 -0.10 8.50 -0.10 percent [+]
United States 0.00 May/15 -0.20 23.70 -15.80 percent [+]