The annual inflation rate in Ghana fell to 9.8 percent in September of 2018 from 9.9 percent in the previous month, mainly due to a slowdown in non-food prices. Inflation Rate in Ghana averaged 16.64 percent from 1998 until 2018, reaching an all time high of 63 percent in March of 2001 and a record low of 0.40 percent in May of 1999.

Ghana Inflation Rate
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Ghana Annual Inflation Rate Slows to 9.8% in September


The annual inflation rate in Ghana fell to 9.8 percent in September of 2018 from 9.9 percent in the previous month, mainly due to a slowdown in non-food prices.

Year-on-year, prices eased for housing & utilities (3.0 percent compared to 3.3 percent in August); transport (14.4 percent compared to 15.1 percent); clothing & footwear (14.3 percent compared to 15.2 percent); miscellaneous goods & services (11.5 percent compared to 11.9 percent); furnishing & household equipment (12.4 percent compared to 12.6 percent); education (7.3 percent compared to 8.3 percent); communication (6.7 percent compared to 7.3 percent) and health (7.1 percent compared to 7.3 percent). 

On the other hand, cost of food and non-alcoholic beverages rose at a faster pace (8.7 percent compared to 7.9 percent), namely coffee, tea & cocoa (13.1 percent), fruits (11.3 percent) and meat & meat products (10.2 percent). Additonally, prices increased further for alcoholic beverages & tobacco (8.0 percent compared to 7.9 percent) and inflation was steady for restaurant & hotels (5.8 percent, the same as in August) and recreation & culture (13.9 percent, the same as in August).

On a monthly basis, consumer prices were unchanged.


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
10/17/2018 1:41:04 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 10:30 AM Inflation Rate YoY 9.6% 10% 10.2%
2018-09-12 10:40 AM Inflation Rate YoY 9.9% 9.6% 9.4%
2018-10-17 01:00 PM Inflation Rate YoY 9.8% 9.9% 10.1%
2018-11-14 10:00 AM Inflation Rate YoY 9.8% 9.7%
2018-12-12 10:30 AM Inflation Rate YoY 9.5%


Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 9.80 9.90 63.00 0.40 percent [+]
Consumer Price Index CPI 221.00 221.10 221.10 9.81 Index Points [+]
Producer Prices 599.60 596.90 599.60 135.81 Index Points [+]
Food Inflation 8.70 7.90 9.70 5.00 percent [+]
Producer Prices Change 5.60 7.00 48.56 2.00 percent [+]
Inflation Rate Mom 0.00 0.00 10.87 -3.34 percent [+]
Cpi Housing Utilities 322.00 320.92 326.23 94.76 Index Points [+]
Cpi Transportation 361.40 359.66 361.40 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.80 9.90 63.00 0.40 1998 - 2018 percent Monthly
2012=100




Country Last
Argentina 40.30 Sep/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Sep/18
United States 2.30 Sep/18


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