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

The annual inflation rate in Ghana increased to 9.9 percent in August of 2018 from 9.6 percent in July, as both food and non-food inflation rose. On a monthly basis, consumer prices were unchanged, after a 0.4 percent gain in the previous month. Inflation Rate in Ghana averaged 16.67 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 Rises to 9.9% in August


The annual inflation rate in Ghana increased to 9.9 percent in August of 2018 from 9.6 percent in July, as both food and non-food inflation rose.

Year-on-year, prices advanced further for food and non-alcoholic beverages (7.9 percent compared to 7.4 percent in July), namely coffee, tea & cocoa (11.3 percent), fruits (10.6 percent) and meat & meat products (10.0 percent). Additonally, prices went up faster for transport (15.1 percent compared to 15.0 percent); housing & utilities (3.3 percent compared to 3.0 percent); furnishing & household equipment (12.6 percent compared to 12.5 percent); communication (7.3 percent compared to 6.7 percent) and health (7.3 percent compared to 7.1 percent). Also, cost of recreation & culture rebounded (13.9 percent compared to -7.5 percent).

Meanwhile, prices eased for clothing & footwear (15.2 percent compared to 15.4 percent); miscellaneous goods & services (11.9 percent compared to 12.0 percent) and education (8.3 percent compared to 8.4 percent). In addition, inflation was steady for restaurant & hotels (at 5.8 percent, the same as in July) and alcoholic beverages & tobacco (at 7.9 percent). 

On a monthly basis, consumer prices were unchanged, after a 0.4 percent gain in July.


Ghana Statistical Service | Stefanie Moya | stefanie.moya@tradingeconomics.com
9/12/2018 3:55:15 PM


Recent Releases

Ghana Inflation Rate Slows to 9.6% in July
Annual inflation rate in Ghana eased to 9.6 percent in July of 2018 from 10 percent in the previous month. It was the lowest inflation rate since April, due to a slowdown in non-food prices.
Published on 2018-08-20

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.
Published on 2018-07-11

Ghana Inflation Rate Rises to 9.8% in May
Inflation rate in Ghana rose to 9.8 percent in May of 2018 from 9.6 percent in April, which was the smallest rate since December 2012, as prices advanced faster mainly for food and fuel. Still, the May figure was the second lowest since January 2013.
Published on 2018-06-14

Ghana Inflation Rate Falls to Lowest Since 2012
Ghana's annual inflation rate dropped to 9.6 percent in April of 2018 from 10.4 percent in the previous month. It was the lowest inflation rate since December of 2012, mostly due to housing and utilities and transport.
Published on 2018-05-09



Calendar GMT Actual Previous Consensus TEForecast
2018-07-11 10:45 AM Inflation Rate YoY 10% 9.8% 9.9%
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%
2018-10-10 10:00 AM Inflation Rate YoY 9.9% 9.7%
2018-11-14 03:00 PM Inflation Rate YoY 9.5%
2018-12-12 10:30 AM Inflation Rate YoY 9.3%


Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 9.90 9.60 63.00 0.40 percent [+]
Consumer Price Index CPI 221.10 221.10 221.10 9.81 Index Points [+]
Producer Prices 596.90 597.40 597.40 135.81 Index Points [+]
Food Inflation 7.90 7.40 9.70 5.00 percent [+]
Inflation Rate Mom 0.40 1.00 10.87 -3.34 percent [+]
Producer Prices Change 7.00 8.20 48.56 2.00 percent [+]
Cpi Housing Utilities 320.92 319.96 326.23 94.76 Index Points [+]
Cpi Transportation 359.66 358.88 359.66 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.90 9.60 63.00 0.40 1998 - 2018 percent Monthly
2012=100




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 2.80 Aug/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 1.30 Aug/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.60 Jul/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18


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