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

The annual inflation in Ghana eased to 15.8 percent in October of 2016, from 17.2 percent in the preceding month. It was the lowest inflation rate since July of 2014 as cost of food and service charges rose at a slower pace. Inflation Rate in Ghana averaged 17.16 percent from 1998 until 2016, reaching an all time high of 63.00 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)
2016-09-14 10:25 AM Aug 16.9% 16.7% 17%
2016-10-12 10:25 AM Sep 17.2% 16.9% 16.5%
2016-11-09 10:40 AM Oct 15.8% 17.2% 16.9%
2016-12-14 10:30 AM Nov 15.8% 16%
2017-01-13 10:15 AM Dec
2017-02-10 10:30 AM Jan




Ghana Inflation Rate Lowest Since 2014 in October


The annual inflation in Ghana eased to 15.8 percent in October of 2016, from 17.2 percent in the preceding month. It was the lowest inflation rate since July of 2014 as cost of food and service charges rose at a slower pace.

Year-on-year, non-food inflation slowed to 19.4 percent from 21.6 percent in September. Also, food inflation eased to 8.7 percent from 9.0 percent.

On a monthly basis, consumer prices increased 1.4 percent after a 0.1 percent decline in September.

Ghana Statistical Service | Mojdeh Kazemi | mojdeh@tradingeconomics.com
11/9/2016 5:22:24 PM



Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 15.80 17.20 63.00 0.40 percent [+]
Consumer Price Index CPI 182.00 179.50 182.00 9.81 Index Points [+]
Producer Prices 525.40 527.90 540.90 135.81 Index Points [+]
Food Inflation 8.70 9.00 9.00 5.00 percent [+]
Inflation Rate Mom 2.70 -0.10 10.87 -3.34 percent [+]
Producer Prices Change 9.80 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
15.80 17.20 63.00 0.40 1998 - 2016 percent Monthly
2012=100



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Laos 1.84 Sep/16
Latvia 1.30 Nov/16
Lebanon 1.13 Oct/16
Lesotho 5.70 Oct/16
Liberia 8.44 Jun/16
Libya 27.40 Jun/16
Liechtenstein -0.30 Nov/16
Lithuania 1.00 Nov/16
Luxembourg 0.54 Nov/16
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Macedonia -0.20 Nov/16
Madagascar 6.70 Sep/16
Malawi 20.10 Oct/16
Malaysia 1.40 Oct/16
Maldives 0.40 Sep/16
Mali -3.50 Aug/16
Malta 0.50 Oct/16
Mauritania 2.60 Oct/16
Mauritius 2.20 Nov/16
Mexico 3.31 Nov/16
Moldova 2.60 Nov/16
Mongolia -0.10 Oct/16
Montenegro 0.20 Oct/16
Morocco 1.60 Oct/16
Mozambique 25.53 Oct/16
Myanmar 10.67 Mar/16
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Netherlands 0.60 Nov/16
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New Zealand 0.40 Sep/16
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North Korea 55.00 Jul/13
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Oman 2.04 Oct/16
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Portugal 0.90 Oct/16
Puerto Rico -0.40 Oct/16
Qatar 2.20 Oct/16
Republic of the Congo 3.70 Apr/15
Romania -0.40 Oct/16
Russia 5.80 Nov/16
Rwanda 9.10 Nov/16
Sao Tome and Principe 5.80 Oct/16
Saudi Arabia 2.60 Oct/16
Senegal -0.30 Oct/16
Serbia 1.50 Oct/16
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Sweden 1.20 Oct/16
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Ukraine 12.10 Nov/16
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