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

The inflation rate in Ghana was recorded at 16.80 percent in April 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.

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Ghana Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
16.80 16.60 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, May 27, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-11 10:40 AM Feb 16.5% 16.4% 16.52%
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%
2015-06-11 11:30 AM May 16.8% 17.76%
2015-07-09 11:20 AM Jun 17.86%
2015-08-13 11:30 AM Jul 17.84%


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.

Compared to April 2014, housing, water, electricity, gas and other fuels prices rose 25.0 percent, pushing up non-food products cost by 23.2 percent, from 23.1 percent in March. Additional upward pressure came from: food and non-alcoholic beverages (+7.2 percent); clothing and footwear (+23.7 percent), transport prices (+24.5 percent), furnishings and household equipment (+23.2 percent), education (+23.0 percent) and health (+18.4 percent).

On a monthly basis, the consumer price index increased by 1.8 percent, up from a 1.0 percent rise in the previous month.

Bank of Ghana raised its monetary policy rate from 21 percent to 22 percent on May 13th, as the cedi headed for a record low, boosting the underlying inflation pressure. Policy makers are expecting a moderate growth in the medium-term as fiscal consolidation is being implemented. The resulting domestic demand contraction will contribute to mitigate the rising consumer prices.

Ghana Statistical Service | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/15/2015 11:48:02 AM


Recent Releases

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 Prices Last Previous Highest Lowest Unit
Inflation Rate 16.80 16.60 63.00 0.40 percent [+]
Consumer Price Index CPI 146.90 144.30 146.90 9.81 Index Points [+]
Producer Prices 460.50 456.80 465.20 135.81 Index Points [+]
Food Inflation 7.20 7.20 8.90 5.00 percent [+]
Inflation Rate Mom 1.80 1.00 10.87 -3.34 percent [+]
Producer Prices Change 19.08 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 8.17 Apr/15 8.13 6821.31 1.65 percent [+]
Canada 0.80 Apr/15 1.20 21.60 -17.80 percent [+]
China 1.50 Apr/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.00 Apr/15 -0.10 5.00 -0.70 percent [+]
France 0.10 Apr/15 -0.10 18.80 -0.70 percent [+]
Germany 0.50 Apr/15 0.30 11.54 -7.62 percent [+]
India 4.87 Apr/15 5.25 11.16 4.38 percent [+]
Indonesia 6.79 Apr/15 6.38 82.40 -1.17 percent [+]
Italy -0.10 Apr/15 -0.09 25.64 -0.60 percent [+]
Japan 2.30 Mar/15 2.20 25.00 -2.52 percent [+]
Mexico 3.06 Apr/15 3.14 179.73 2.91 percent [+]
Netherlands 0.60 Apr/15 0.38 11.19 -1.30 percent [+]
Russia 16.40 Apr/15 16.90 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 -1.10 Apr/15 -0.90 11.92 -1.37 percent [+]
Turkey 7.91 Apr/15 7.61 138.71 -4.01 percent [+]
United Kingdom -0.10 Apr/15 0.00 8.50 -0.10 percent [+]
United States -0.20 Apr/15 -0.10 23.70 -15.80 percent [+]