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. Inflation Rate in Ghana averaged 16.23 percent from 1998 until 2019, reaching an all time high of 63.10 percent in March of 2001 and a record low of 0.40 percent in May of 1999.

Inflation Rate in Ghana is expected to be 8.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Ghana to stand at 7.50 in 12 months time. In the long-term, the Ghana Inflation Rate is projected to trend around 7.00 percent in 2020, according to our econometric models.

Ghana Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-10 10:40 AM Inflation Rate YoY Mar 9.3% 9.2% 9.4%
2019-05-15 10:10 AM Inflation Rate YoY Apr 9.5% 9.3% 9.0%
2019-06-12 10:20 AM Inflation Rate YoY May 9.4% 9.5% 8.6%
2019-07-10 10:10 AM Inflation Rate YoY Jun 9.1% 9.4% 9.1%
2019-08-15 10:30 AM Inflation Rate YoY Jul 9.1% 8.7%
2019-09-12 10:40 AM Inflation Rate YoY Aug 8.3%
2019-10-17 01:00 PM Inflation Rate YoY Sep 8.3%



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.

Year-on-year, prices slowed for food & non-alcoholic beverages (6.5 percent vs 6.7 percent in May), of which oils & fats (4.8 percent vs 5.2 percent); mineral water, soft drinks, fruit and vegetable juices (7.2 percent vs 8 percent); fish and sea food (5.4 percent vs 5.9 percent); vegetables (8.2 percent vs 8.4 percent) and fruits (10.7 percent vs 10.9 percent).

Meantime, inflation dropped for non-food products (10.3 percent vs 10.6 percent), as cost rose less for transport (6.9 percent vs 12.5 percent) and increased at the same pace for education (6.2 percent) and recreation & culture (15.0 percent). In contrast, prices went up at a faster pace for other items such as housing & utilities (6.8 percent vs 6.5 percent); clothing & footwear (15.2 percent vs 15.0 percent); miscellaneous goods & services (11.3 percent vs 9.5 percent) and hotels, cafes & restaurants (9.5 percent vs 9.2 percent).

On a monthly basis, consumer prices increased 0.8 percent, following a 0.9 percent rise in the previous month. It was the lowest monthly inflation rate since November last year.


Ghana Statistical Service | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
7/10/2019 2:53:15 PM



Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 9.10 9.40 63.10 0.40 percent [+]
Consumer Price Index CPI 240.50 238.60 240.50 9.81 Index Points [+]
Producer Prices 641.60 628.20 641.60 135.81 Index Points [+]
Food Inflation 6.50 6.70 9.70 5.00 percent [+]
Inflation Rate Mom 0.80 0.90 10.87 -3.34 percent [+]
Producer Prices Change 7.60 6.70 48.56 2.00 percent [+]
Cpi Housing Utilities 340.70 339.60 340.70 94.76 Index Points [+]
Cpi Transportation 383.10 382.80 383.10 98.06 Index Points [+]


Ghana Inflation Rate

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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.10 9.40 63.10 0.40 1998 - 2019 percent Monthly
2012=100




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 Jun/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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