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

The inflation rate in Ghana was recorded at 17.90 percent in July 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.

Ghana Inflation Rate
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Actual Previous Highest Lowest Dates Unit Frequency
17.90 17.10 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 Sunday, August 30, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-10 12:00 PM May 16.9% 16.8% 17% 17%
2015-07-15 11:30 AM Jun 17.1% 16.9% 17.1%
2015-08-12 11:30 AM Jul 17.9% 17.1% 17.48%
2015-09-10 01:30 PM Aug 17.9% 18.23
2015-10-15 11:45 AM Sep 18.32
2015-11-12 12:00 PM Oct 18.19


Ghana Inflation Rate Continues to Rise


Annual inflation rate in Ghana increased to 17.9 percent in July of 2015, up from 17.1 percent rise in the previous month. It is the highest value since October of 2009, mainly driven by weak cedi and growing utility costs.

Food prices increased 7.6 percent, housing and utilities went up 27.1 percent, transport surged to 25.7 percent. Additional upward pressure came from clothing and footwear (+24.9 percent); miscellaneous goods and services (+ 19.1 percent); restaurants, cafes and hotels (+ 20.5 percent).

On a monthly basis, consumer prices rose 2.3 percent, accelerating from a 1.8 percent increase in June.

Ghana Statistical Service | Yekaterina Guchshina | yekaterina@tradingeconomics.com
8/12/2015 2:09:30 PM


Recent Releases

Ghana Inflation Rate at 6-Year High
Annual inflation rate in Ghana increased to 17.1 percent in June of 2015, up from 16.9 percent rise in the previous month. It is the highest value since October of 2009, mainly driven by weak cedi and growing transportation costs.
Published on 2015-07-16

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.
Published on 2015-06-10

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 Prices Last Previous Highest Lowest Unit
Inflation Rate 17.90 17.10 63.00 0.40 percent [+]
Consumer Price Index CPI 154.50 151.00 154.50 9.81 Index Points [+]
Producer Prices 492.50 498.00 498.00 135.81 Index Points [+]
Food Inflation 7.60 7.30 8.90 5.00 percent [+]
Inflation Rate Mom 2.30 1.80 10.87 -3.34 percent [+]
Producer Prices Change 10.60 23.11 48.56 4.70 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.50 Jun/15 1.30 23.90 -1.30 percent [+]
Brazil 9.56 Jul/15 8.89 6821.31 1.65 percent [+]
Canada 1.30 Jul/15 1.00 21.60 -17.80 percent [+]
China 1.60 Jul/15 1.40 28.40 -2.20 percent [+]
Euro Area 0.20 Jul/15 0.20 5.00 -0.70 percent [+]
France 0.20 Jul/15 0.30 18.80 -0.70 percent [+]
Germany 0.20 Aug/15 0.20 11.54 -7.62 percent [+]
India 3.78 Jul/15 5.40 11.16 3.78 percent [+]
Indonesia 7.26 Jul/15 7.26 82.40 -1.17 percent [+]
Italy 0.20 Jul/15 0.20 25.64 -0.60 percent [+]
Japan 0.20 Jul/15 0.40 25.00 -2.52 percent [+]
Mexico 2.74 Jul/15 2.87 179.73 2.74 percent [+]
Netherlands 1.00 Jul/15 1.00 11.19 -1.30 percent [+]
Russia 15.60 Jul/15 15.30 2333.30 3.60 percent [+]
South Korea 0.70 Jul/15 0.70 32.50 0.20 percent [+]
Spain -0.40 Aug/15 0.10 28.43 -1.37 percent [+]
Switzerland -1.30 Jul/15 -1.00 11.92 -1.37 percent [+]
Turkey 6.81 Jul/15 7.20 138.71 -4.01 percent [+]
United Kingdom 0.10 Jul/15 0.00 8.50 -0.10 percent [+]
United States 0.20 Jul/15 0.10 23.70 -15.80 percent [+]