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Ghana January Inflation Rate Slows to 9.9%
Ghana's annual inflation rate eased to 9.9 percent in January of 2021 from 10.4 percent in the prior month. Prices slowed for food & non-alcoholic beverages (12.8 percent vs 14.1 percent in December) while non-food inflation remained steady (at 7.7 percent). On a monthly basis, consumer prices were up 0.9 percent, the same pace as in the previous month.
Published on 2021-02-10

Ghana Inflation Rate Rises to 10.4% in December
Ghana's annual inflation rate rose to 10.4% in December of 2020 from an eight-month low of 9.8% in the previous month, partly due to the ongoing depreciation of the cedi and disruptions in agricultural activity amidst the global pandemic. Prices continued to climb for food products (14.1% vs 11.7% in November) while slowed for non-food products (7.7% vs 8.3%). On a monthly basis, consumer prices were up 0.9%, the most since June, after increasing 0.3% in the previous month.
Published on 2021-01-13

Ghana November Inflation Rate Falls Further to 9.8%
Ghana's annual inflation rate eased for a fourth straight month to 9.8 percent in November of 2020 from 10.1 percent in the previous month. It was the lowest inflation rate since March, amid a slowdown in prices of food products (11.7 percent vs 12.6 percent in October). Meantime, inflation remained steady for non-food products (at 8.3 percent). On a monthly basis, consumer prices were up 0.2 percent, after increasing 0.2 percent in the previous month.
Published on 2020-12-09

Ghana October Inflation Rate Drops Further to 10.1%
Ghana's annual inflation rate eased for a third straight month to 10.1 percent in October of 2020 from 10.4 percent in the previous month. It was the lowest inflation rate since March, as prices slowed for non-food products (8.3 percent vs 9.8 percent in September), of which housing, electricity and transportation. In contrast, food inflation quickened (12.6 percent vs 11.2 percent). On a monthly basis, consumer prices went up 0.2 percent, after decreasing 0.2 percent in the previous month.
Published on 2020-11-11

Ghana Inflation Rate Slows for 2nd Month
Ghana's annual inflation rate eased for a second month to 10.4 percent in September of 2020 from 10.5 percent in the previous month. It was the softest inflation rate since March, amid a slowdown in food prices (11.2 percent vs 11.4 percent in August). On a monthly basis, consumer prices dropped 0.2 percent, following a 0.4 percent decrease in the prior month.
Published on 2020-10-14

Ghana August Inflation Rate at 5-Month Low of 10.5%
Ghana's annual inflation rate eased to 10.5 percent in August of 2020 from an over 2-1/2-years high of 11.4 percent in July. It was the softest rate since March, as prices slowed for food products (11.4 percent vs 13.7 percent in July). In contrast, cost advanced faster for non-food products (9.9 percent vs 9.7 percent). On a monthly basis, consumer prices decreased 0.4 percent, after rising 0.5 percent in the preceding month.
Published on 2020-09-09

Ghana Inflation Rate at Over 2-1/2-Year High of 11.4%
Ghana's annual inflation rate ticked up to 11.4 percent in July of 2020 from 11.2 percent in the prior month. It was the highest inflation rate since December of 2017, amid persistent upward pressure from food (13.7 percent vs 13.8 percent in June) and non-food products (9.7 percent vs 9.2 percent) associated with the global outbreak and related restrictive measures. On a monthly basis, consumer prices increased 0.5 percent, following a 1 percent rise in the previous month.
Published on 2020-08-12

Ghana Inflation Rate Ticks Down to 11.2% in June
Ghana's annual inflation rate edged down to 11.2 percent in June of 2020, little-changed from 11.3 percent in the previous month, amid a slowdown in prices of food (13.8 percent vs 15.1 percent in May). In contrast, non-food prices advanced faster (9.2 percent vs 8.4 percent), mostly due to housing & utilities (21.3 percent vs 15.1 percent). On a monthly basis, consumer prices rose 1 percent, decelerating from a 1.7 percent increase in the prior month.
Published on 2020-07-15

Ghana Inflation Rate Hits 2-1/2-Year High
Ghana's annual inflation rate jumped to 11.3 percent in May 2020 from 10.6 percent in the previous month, hitting the highest level since December 2017. Food prices climbed 15.1 percent, the most since comparable records began in 2013, and the non-food rate rose to a five-month high of 8.4 percent. On a monthly basis, consumer prices increased 1.7 percent, compared to a 3.2 percent advance in April.
Published on 2020-06-10

Ghana Inflation Rate at Over 2-Year High of 10.6%
The annual inflation rate in Ghana climbed to 10.6 percent in April of 2020 from 7.8 percent in the previous month. It was the highest inflation rate since February of 2018, as prices rose faster for food & non-alcoholic beverages (14.4 percent vs 8.4 percent in March), namely vegetables (37 percent) and fruits & nuts (20.5 percent), mostly in areas where the government ordered a lockdown to stem the coronavirus outbreak. Meantime, inflation edged higher also for non-food products (7.7 percent vs 7.4 percent). On a monthly basis, consumer prices were up 3.8 percent, after increasing 0.8 percent in the previous month.
Published on 2020-05-13

Ghana Inflation Rate Steady at 7.8% in March
The annual inflation rate in Ghana came in at 7.8 percent in March of 2020, the lowest since last October, unchanged from the previous month. Prices slowed for non-food products (7.4 percent vs 7.7 percent in February) while food inflation picked up (8.4 percent vs 7.9 percent). On a monthly basis, consumer prices inched up 0.8 percent, after increasing 0.4 percent in the preceding month.
Published on 2020-04-15

Ghana February Inflation Rate Steady at 7.8%
The annual inflation rate in Ghana came in at 7.8 percent in February of 2020, unchanged from January's 3-month low. Prices slowed for non-food products (7.7 percent vs 7.9 percent in January) while food cost continued to advance (7.9 percent vs 7.8 percent). On a monthly basis, consumer prices went up 0.4 percent, down from a 1.4 percent increase in the preceding month.
Published on 2020-03-11

Ghana Inflation Rate Drops to 7.8% in January
The annual inflation rate in Ghana edged down to 7.8 percent in January 2020 from 7.9 percent in December, amid continued stability of the cedi. Prices slowed primarily for non-food products (7.9 percent vs 8.5 percent), namely alcoholic beverages & tobacco (11.1 percent vs 13.5 percent); housing & utilities (7.6 percent vs 10.5 percent); transport (10.5 percent vs 11 percent) and recreation & culture (9 percent vs 9.3 percent). Meanwhile, cost rose faster for food & non-alcoholic beverages (7.8 percent vs 7.2 percent); restaurants & hotels (7.5 percent vs 5.5 percent); clothing & footwear (7.2 percent vs 6.7 percent) and education (6.8 percent vs 6.6 percent). On a monthly basis, consumer prices inched up 1.4 percent, the most since the rebasing in August 2019, compared to a 0.3 percent increase in the previous month.
Published on 2020-02-12

Ghana December Inflation Rate Edges Down to 7.9%
The annual inflation rate in Ghana decreased to 7.9 percent in December 2019 from 8.2 percent in the previous month, as prices slowed mostly for food (7.2 percent vs 8.4 percent in November). Conversely, cost was higher for non-food products (8.5 percent vs 8.0 percent), mainly pushed up by housing & utilities (10.5 percent vs 9.6 percent); restaurants & hotels (5.5 percent vs 3.8 percent); education (6.6 percent vs 4.4 percent) and recreation & culture (9.3 percent vs 7.7 percent). Conversely, cost went up at slower pace for transport (11 percent vs 12.3 percent); clothing & footwear (6.7 percent vs 6.8 percent); furnishings (4.7 percent vs 4.9 percent); health (6.7 percent vs 7 percent) and miscellaneous goods & services (7.4 percent vs 8.2 percent). On a monthly basis, consumer prices went up 0.3 percent, after rising 0.7 percent in the prior month.
Published on 2020-01-08

Ghana Inflation Rate at 4-Month High of 8.2%
The annual inflation rate in Ghana rose to 8.2 percent in November 2019 from 7.7 percent in the previous month. It was the highest inflation rate since July, as prices climbed for food (8.4 percent vs 7 percent) while slowed for non-food products (8 percent vs 8.2 percent). Meantime, the weakness of the cedi is adding to price pressures.
Published on 2019-12-11

Ghana October Inflation Rate Ticks Up to 7.7%
The annual inflation rate in Ghana increased to 7.7 percent in October 2019 from 7.6 percent in the previous month. Prices advanced faster for non-food products, in particular transport and alcoholic beverages, tobacco & narcotics; while food cost slowed. On a monthly basis, consumer prices rose 0.4 percent, following a 0.1 percent decrease in the preceding month.
Published on 2019-11-13

Ghana Inflation Rate at Over 6-Year Low of 7.6%
The annual inflation rate in Ghana eased to 7.6 percent in September 2019, its lowest level since August 2013, from 7.8 percent in the previous month. Prices continued to slow for non-food products while rose further for food. On a monthly basis, consumer prices went down 0.1 percent.
Published on 2019-10-16

Ghana Inflation Rate Lowest since 2013
The annual inflation rate in Ghana fell to 7.8 percent in August 2019, the lowest level since September 2013, from 9.4 percent in the previous month, and below the mid-point of Bank of Ghana's target range of 6-10 percent. Prices slowed for non-food products while picked up for food.
Published on 2019-09-18

Ghana Inflation Rate Edges Up to 9.4% in July
The annual inflation rate in Ghana rose to 9.4 percent in July of 2019 from 9.1 percent in the previous month, driven by prices of both food and non-food products.
Published on 2019-08-14

Ghana Inflation Rate at 5-Month Low of 9.1%
The annual inflation rate in Ghana fell to 9.1 percent in June 2019 from 9.4 percent in the previous month. It was the lowest inflation rate since January, as prices rose slightly less for both food and non-food products.
Published on 2019-07-10