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. source: Ghana Statistical Service
Inflation Rate in Ghana averaged 15.81 percent from 1998 until 2020, 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. This page provides - Ghana Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ghana Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Inflation Rate in Ghana is expected to be 8.50 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 7.40 in 12 months time. In the long-term, the Ghana Inflation Rate is projected to trend around 7.30 percent in 2021 and 7.00 percent in 2022, according to our econometric models.