Ghana Inflation Rate  1998-2018 | Data | Chart | Calendar | Forecast

The inflation rate in Ghana edged up to 10 percent in June of 2018 from 9.8 percent in May and 9.6 percent in April, which was the lowest since December of 2012. Transportation was the only category showing a higher inflation rate. Inflation Rate in Ghana averaged 16.73 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
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




Ghana Inflation Rate Picks Up to 10%


The inflation rate in Ghana edged up to 10 percent in June of 2018 from 9.8 percent in May. The inflation accelerated for the second straight month after reaching 9.6 percent in April, the lowest since December of 2012. Transportation was the only category showing a higher inflation rate.

Year-on-year, prices rose faster for transport (15.5 percent compared to 10.3 percent). On the other hand, inflation eased for food & non-alcoholic beverages (7.3 percent compared to 7.6 percent in May). Six subgroups recorded inflation rates higher than 7.3 percent: coffee, tea and cocoa (10.3 percent); fruits (9.6 percent); meat and meat products (8.7 percent); mineral waters and soft drinks (8.4 percent); vegetables (8.3 percent); while five subgroups showed a smaller inflation rate: fish and sea food (6.8 percent); oils and fats (6.5 percent); cereals (6.2 percent); sugar, jam, honey (6 percent9; and milk, cheese and eggs (5.8 percent). 

Inflation also slowed for housing & utilities (3.4 percent compared to 3.9 percent); clothing & footwear (16.1 percent compared to 17.2 percent); miscellaneous goods & services (12.7 percent compared to 12.8 percent); restaurants & hotels (7.2 percent compared to 7.5 percent); furnishings & household equipment (13.3 percent compared to 14 percent); education (8.4 percent compared to 8.5 percent); recreation & culture (13.8 percent compared to 14.2 percent); communication (7.2 percent compared to 7.9 percent); health (7.5 percent compared to 7.8 percent); and alcoholic beverages, tobacco & narcotics (9 percent compared to 9.3 percent).

On a monthly basis, consumer prices increased 1 percent, the same as in May.


Ghana Statistical Service | Joana Taborda | joana.taborda@tradingeconomics.com
7/11/2018 1:36:50 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-09 12:10 PM Inflation Rate YoY 9.6% 10.4% 10.1%
2018-06-13 10:30 AM Inflation Rate YoY 9.8% 9.6% 9.5%
2018-07-11 10:45 AM Inflation Rate YoY 10% 9.8% 9.9%
2018-08-15 09:50 AM Inflation Rate YoY 10% 9.9%
2018-09-12 10:30 AM Inflation Rate YoY 9.0%
2018-10-10 10:00 AM Inflation Rate YoY 8.9%


Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 10.00 9.80 63.00 0.40 percent [+]
Consumer Price Index CPI 220.40 218.10 220.40 9.81 Index Points [+]
Producer Prices 588.90 585.10 588.90 135.81 Index Points [+]
Food Inflation 7.30 7.60 9.70 5.00 percent [+]
Inflation Rate Mom 1.00 1.00 10.87 -3.34 percent [+]
Producer Prices Change 7.10 6.40 48.56 2.00 percent [+]
Cpi Housing Utilities 318.82 317.75 326.23 94.76 Index Points [+]
Cpi Transportation 340.38 337.74 340.38 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
10.00 9.80 63.00 0.40 1998 - 2018 percent Monthly
2012=100




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.40 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 May/18
United States 2.90 Jun/18


Related

Latest