Ghana's annual inflation rate rose to 10.4% in December of 2020 from an eight-month low of 9.8% in the previous month, partly due to the ongoing depreciation of the cedi and disruptions in agricultural activity amidst the global pandemic. Prices continued to climb for food products (14.1% vs 11.7% in November) while slowed for non-food products (7.7% vs 8.3%). On a monthly basis, consumer prices were up 0.9%, the most since June, after increasing 0.3% in the previous month. source: Ghana Statistical Service
Inflation Rate in Ghana averaged 15.77 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 February of 2021.
Inflation Rate in Ghana is expected to be 8.60 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 7.30 in 12 months time. In the long-term, the Ghana Inflation Rate is projected to trend around 7.00 percent in 2022, according to our econometric models.