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

The annual inflation rate in Ghana slowed to 16.7 percent in June of 2016, from 18.4 percent in the previous month. It was the lowest figure since March of 2015, driven by slower rise in cost of housing and utilities and transport due to stable cedi. Inflation Rate in Ghana averaged 17.17 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. 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
16.70 18.40 63.00 0.40 1998 - 2016 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. Ghana Inflation Rate - actual data, historical chart and calendar of releases - was last updated on August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-15 10:30 AM May 18.9% 18.7% 18.6% 18.7%
2016-07-13 10:20 AM Jun 18.4% 18.9% 19.1%
2016-08-10 10:35 AM Jul 16.7% 18.4% 17.5% 18.2%
2016-09-14 10:30 AM Aug 16.7% 16.7%
2016-10-12 10:35 AM Sep 16.5%
2016-11-09 10:50 AM Oct 16.9%

Ghana Inflation Rate Eases to 16-Month Low in July


The annual inflation rate in Ghana slowed to 16.7 percent in June of 2016, from 18.4 percent in the previous month. It was the lowest figure since March of 2015, driven by slower rise in cost of housing and utilities and transport due to stable cedi.

Compared to July 2015, prices went up at slower rate for transport (27.2 percent from 40.3 percent); housing and utilities (25.4 percent from 32.8 percent), while cost of food and non-alcoholic beverages went up at same pace (8.6 percent). Other upward pressure came from: clothing and footwear (24.3 percent from 22.6 percent); recreation and culture (28.3 percent from 27.4 percent); furnishings and household items (23 percent from 21.4 percent); education (35.4 percent from 33.3 percent); miscellaneous goods and services (17.1 percent from 15.5 percent); health (14.6 percent from 13.9 percent); hotels, cafes and restaurants (15.5 percent from 14.9 percent) and communication (13 percent from 12.5 percent).

On a monthly basis, consumer prices rose 0.9 percent, following a 1.3 percent increase in the preceding month. Cost of housing and utilities and transport both went up by 1.4 percent, while food prices fell 0.8 percent.

Ghana Statistical Service | Mojdeh Kazemi | mojdeh@tradingeconomics.com
8/10/2016 2:08:56 PM

Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 16.70 18.40 63.00 0.40 percent [+]
Consumer Price Index CPI 180.30 178.80 180.30 9.81 Index Points [+]
Producer Prices 540.90 536.10 540.90 135.81 Index Points [+]
Food Inflation 8.60 8.60 8.90 5.00 percent [+]
Inflation Rate Mom 0.90 1.30 10.87 -3.34 percent [+]
Producer Prices Change 10.30 7.60 48.56 2.80 percent [+]




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Belize 0.90 Jun/16
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Denmark 0.30 Jul/16
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Dominican Republic 1.85 Jul/16
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Ecuador 1.58 Jul/16
Egypt 14.00 Jul/16
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Ethiopia 6.00 Jul/16
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Germany 0.40 Jul/16
Ghana 16.70 Jul/16
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Guinea Bissau 3.00 Jun/16
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Iran 8.10 Jul/16
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Ireland 0.50 Jul/16
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Japan -0.40 Jul/16
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Kazakhstan 17.70 Jul/16
Kenya 6.40 Jul/16
Kosovo 0.00 Jul/16
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Kyrgyzstan 1.20 Jul/16
Laos 1.97 Jul/16
Latvia 0.10 Jul/16
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Lesotho 7.50 Jun/16
Liberia 8.44 Jun/16
Libya 27.40 Jun/16
Liechtenstein -0.20 Jul/16
Lithuania 0.50 Jul/16
Luxembourg -0.03 Jul/16
Macau 2.08 Jul/16
Macedonia -0.30 Jul/16
Madagascar 6.40 Jun/16
Malawi 23.50 Jul/16
Malaysia 1.10 Jul/16
Maldives -0.20 Jun/16
Mali -3.70 Jul/16
Malta 0.90 Jul/16
Mauritania 0.90 Apr/16
Mauritius 1.00 Jul/16
Mexico 2.65 Jul/16
Moldova 7.00 Jul/16
Mongolia 0.90 Jul/16
Montenegro -0.60 Jul/16
Morocco 1.60 Jul/16
Mozambique 20.68 Jul/16
Myanmar 11.41 Dec/15
Namibia 7.00 Jul/16
Nepal 11.10 Jun/16
Netherlands -0.30 Jul/16
New Caledonia 0.80 Jul/16
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Norway 4.40 Jul/16
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Pakistan 4.12 Jul/16
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Panama 0.10 Jul/16
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Puerto Rico 0.20 Jun/16
Qatar 2.80 Jul/16
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Romania -0.80 Jul/16
Russia 7.20 Jul/16
Rwanda 7.80 Jul/16
Sao Tome and Principe 5.50 Jul/16
Saudi Arabia 3.80 Jul/16
Senegal 1.40 Jun/16
Serbia 1.20 Jul/16
Seychelles -0.70 Jul/16
Sierra Leone 8.77 Mar/16
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Slovenia 0.20 Jul/16
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South Africa 6.00 Jul/16
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South Sudan 661.30 Jul/16
Spain -0.60 Jul/16
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Sudan 16.50 Jul/16
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Syria 48.09 Dec/15
Taiwan 1.23 Jul/16
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Tanzania 5.10 Jul/16
Thailand 0.10 Jul/16
Togo 2.10 Jul/16
Trinidad and Tobago 3.40 Jun/16
Tunisia 3.70 Jul/16
Turkey 8.79 Jul/16
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Uganda 5.10 Jul/16
Ukraine 7.90 Jul/16
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Uzbekistan 5.60 Dec/15
Venezuela 180.90 Dec/15
Vietnam 2.57 Aug/16
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Zambia 19.60 Aug/16
Zimbabwe -1.60 Jul/16