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

The annual inflation rate in Ghana eased to 15.4 percent in December of 2016 from 15.5 percent in the previous month. It was the lowest inflation rate since July of 2014, as non-food cost increased at a slower pace (18.2 percent from 18.7 percent in November) mainly due to education, furniture and household equipment while prices rose faster for food (9.7 percent from 9.3 percent). 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.

Ghana Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-09 10:40 AM Oct 15.8% 17.2% 16.9%
2016-12-14 11:20 AM Nov 15.5% 15.8% 16%
2017-01-11 10:30 AM Dec 15.4% 15.5% 15.20%
2017-02-10 10:30 AM Jan 15.4% 14.72%
2017-03-09 10:30 AM Feb 14.59%
2017-04-13 10:30 AM Mar 14.35%




Ghana Inflation Rate Lowest Since July 2014


The annual inflation rate in Ghana eased to 15.4 percent in December of 2016 from 15.5 percent in the previous month. It was the lowest inflation rate since July of 2014, as non-food cost increased at a slower pace mainly due to education, furniture and household equipment while prices rose faster for food.

Non-food inflation stood at 18.2 percent (18.7 percent in the previous month) as cost increased at slower pace for transports (27.2 percent from 27.8 percent), education (23.4 percent from 25.7 percent), recreation and culture (20.3 percent from 21 percent), housing and utilities (20.2 percent from 20.3 percent), furnishings and household items (18.8 percent from 20.3 percent), clothing and footwear (16.4 percent from 17.2 percent), and health (18.5 percent from 20 percent). Additional upward pressure came from: miscellaneous goods and services (14.7 percent from 14.2 percent), hotels, cafés and restaurants (13.7 percent from 12.7 percent), alcohol beverages and tobacco (13.5 percent from 13.8 percent) and communication (10.8 percent from 10.1 percent).

Meanwhile, prices of food and non-alcoholic beverages items rose 9.7 percent from 9.3 percent in November namely meat and meat products by 15 percent (13.3 percent in November), coffee, tea and cocoa by 14 percent (at the same pace as in the previous month) and fish and sea food by 13.9 percent (from 13.4 percent).

On a monthly basis, consumer prices rose 0.9 percent, following a 0.8 percent increase in a month earlier.

Ghana Statistical Service | Deborah Neves | deborah.neves@tradingeconomics.com
1/11/2017 2:17:30 PM



Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 15.40 15.50 63.00 0.40 percent [+]
Consumer Price Index CPI 185.30 183.53 185.30 9.81 Index Points [+]
Producer Prices 531.70 525.40 540.90 135.81 Index Points [+]
Food Inflation 9.70 9.30 9.70 5.00 percent [+]
Inflation Rate Mom 0.90 0.80 10.87 -3.34 percent [+]
Producer Prices Change 11.90 9.70 48.56 2.80 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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
15.40 15.50 63.00 0.40 1998 - 2016 percent Monthly
2012=100



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Laos 2.09 Nov/16
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Libya 27.40 Jun/16
Liechtenstein -0.30 Nov/16
Lithuania 1.70 Dec/16
Luxembourg 1.10 Dec/16
Macau 1.53 Nov/16
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Malawi 19.90 Nov/16
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Malta 1.00 Dec/16
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Netherlands 1.00 Dec/16
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North Korea 55.00 Jul/13
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Poland 0.80 Dec/16
Portugal 0.90 Dec/16
Puerto Rico 0.00 Nov/16
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Republic of the Congo 3.70 Apr/15
Romania -0.54 Dec/16
Russia 5.40 Dec/16
Rwanda 11.00 Dec/16
Sao Tome and Principe 6.20 Nov/16
Saudi Arabia 2.30 Nov/16
Senegal 2.10 Dec/16
Serbia 1.60 Dec/16
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Spain 1.60 Dec/16
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Tanzania 5.00 Dec/16
Thailand 1.13 Dec/16
Togo -0.09 Nov/16
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