The annual inflation rate in Ghana accelerated for the fifth straight month to 11% in October of 2021, from 10.6% in September. That was the highest inflation rate since July of 2020, exceeding the Bank of Ghana's target band of 6% to 10% for the second straight month. Prices accelerated for non-food products (11% vs 9.9% in September), namely housing & utilities and transport, while food inflation slowed somewhat (11% vs 11.5%). On a monthly basis, consumer prices went up 0.6 percent, the same pace as in the previous month. source: Ghana Statistical Service

Inflation Rate in Ghana averaged 15.54 percent from 1998 until 2021, 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 2021.

Inflation Rate in Ghana is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ghana Inflation Rate is projected to trend around 7.00 percent in 2022 and 6.00 percent in 2023, according to our econometric models.

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Ghana Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-13 10:15 AM Sep 10.6% 9.7% 9.3%
2021-11-10 10:05 AM Oct 11% 10.6% 10.8%
2021-12-10 10:00 AM Nov 11% 11.5%


Related Last Previous Unit Reference
Inflation Rate 11.00 10.60 percent Oct/21
Consumer Price Index CPI 133.30 132.50 points Oct/21
CPI Transportation 141.30 139.20 points Oct/21
CPI Housing Utilities 162.90 160.00 points Oct/21
Inflation Rate Mom 0.60 0.30 percent Sep/21

News Stream
Ghana October Inflation Rate at Near 1-1/2-Year High
The annual inflation rate in Ghana accelerated for the fifth straight month to 11% in October of 2021, from 10.6% in September. That was the highest inflation rate since July of 2020, exceeding the Bank of Ghana's target band of 6% to 10% for the second straight month. Prices accelerated for non-food products (11% vs 9.9% in September), namely housing & utilities and transport, while food inflation slowed somewhat (11% vs 11.5%). On a monthly basis, consumer prices went up 0.6 percent, the same pace as in the previous month.
2021-11-10
Ghana September Inflation Rate at Over 1-Year High
The annual inflation rate in Ghana climbed for the fourth straight month to 10.6% in September of 2021 from 9.7% in August, reaching its highest level since June of 2020. Prices advanced faster for both food (11.5% vs 10.9% in August) and non-food products (9.9% vs 8.7%). On a monthly basis, consumer prices went up 0.6%, after increasing 0.3% in the previous month.
2021-10-13
Ghana August Inflation Rate Picks Up to 5-Month High
The annual inflation rate in Ghana accelerated for the third straight month to 9.7% in August of 2021, from 9% in July. It is the highest inflation rate since March but still within the Bank of Ghana's target band of 8% plus or minus 2 percentage points. Main upward pressure came from prices of food (10.9% vs 9.5% in July), housing & utilities (15.2% vs 14.1%) and transportation (12.8% vs 12.1%). On a monthly basis, consumer prices went up 0.3%, the least in nine months.
2021-09-08

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.