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.