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

The inflation rate in Ghana was recorded at 17 percent in December of 2014. Inflation Rate in Ghana averaged 17.12 percent from 1998 until 2014, 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
17.00 17.00 63.00 0.40 1998 - 2014 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 Thursday, January 29, 2015.


Ghana Inflation Rate at 5-Year High


Ghana consumer prices increased an annual 17 percent in December, the same as in November. The inflation rate has been rising for the last 15 months, remaining within double digit since January of 2013.

Year-on-year, the highest price increases were recorded for housing, water, electricity and gas (+35.2 percent); transport (+30.8 percent); recreation and culture (+22.8 percent); health (19.4 percent) and alcohol and tobacco (+17.3 percent). Food cost rose 6.8 percent. 

On a monthly basis, consumer prices advanced 1 percent. Cost of clothing and footwear rose the most (2.7 percent) and prices of hotels, cafes and restaurants were flat. Food prices increased 0.7 percent and transport went up 0.8 percent.


Carolina Cunha | carolina.cunha@tradingeconomics.com
1/14/2015 2:21:32 PM


Recent Releases

Ghana Inflation Rate at 17% in November
Ghana’s annual inflation rate rose marginally to 17 percent in November of 2014 from 16.9 percent in October, staying above the central bank’s 11 percent to 15 percent target range for the fifth consecutive month. Published on 2014-12-10

Ghana Inflation Rate Continues to Rise
Ghanaian annual inflation rate increased for the fourteenth consecutive month to 16.9 percent in October of 2014 from 16.5 percent in the previous month. Published on 2014-11-12


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-11-12 12:00 PM
Inflation Rate YoY  Oct
16.9% 16.5% 16.7%
2014-12-10 10:50 AM
Inflation Rate YoY  Nov
17% 16.9% 17.31%
2015-01-14 11:00 AM
Inflation Rate YoY  Dec
17% 17% 17.22%
2015-02-12 10:30 AM
Inflation Rate YoY  Jan
17% 17.21%
2015-03-12 10:30 AM
Inflation Rate YoY  Feb
17.32%
2015-04-09 11:30 AM
Inflation Rate YoY  Mar
17.45%


Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 17.00 17.00 63.00 0.40 percent [+]
Consumer Price Index CPI 133.90 130.50 133.90 9.81 Index Points [+]
Producer Prices 460.70 465.20 465.20 135.81 Index Points [+]
Food Inflation 6.80 6.60 8.90 5.00 percent [+]
Inflation Rate Mom 0.90 2.70 10.87 -3.34 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 6.41 Dec/14 6.56 6821.31 1.65 percent [+]
Canada 1.50 Dec/14 2.00 21.60 -17.80 percent [+]
China 1.50 Dec/14 1.40 28.40 -2.20 percent [+]
Euro Area -0.20 Dec/14 0.30 5.00 -0.70 percent [+]
France 0.10 Dec/14 0.30 18.80 -0.70 percent [+]
Germany 0.20 Dec/14 0.57 11.54 -7.62 percent [+]
India 5.00 Dec/14 4.38 11.16 4.38 percent [+]
Indonesia 8.36 Dec/14 6.23 82.40 -1.17 percent [+]
Italy 0.00 Dec/14 0.19 25.64 -2.44 percent [+]
Japan 2.40 Nov/14 2.90 25.00 -2.52 percent [+]
Mexico 4.08 Dec/14 4.17 179.73 2.91 percent [+]
Netherlands 0.70 Dec/14 1.00 11.19 -1.30 percent [+]
Russia 11.40 Dec/14 9.10 2333.30 3.60 percent [+]
South Korea 0.80 Dec/14 1.00 32.50 0.20 percent [+]
Spain -1.00 Dec/14 -0.40 28.43 -1.37 percent [+]
Switzerland -0.30 Dec/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.17 Dec/14 9.15 138.71 -4.01 percent [+]
United Kingdom 0.50 Dec/14 1.00 8.50 0.50 percent [+]
United States 0.80 Dec/14 1.30 23.70 -15.80 percent [+]