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

Consumer prices in Ghana increased 10.3 percent year-on-year in February of 2018, following a 10.3 percent rise in the previous month. Prices advanced faster mainly due to food and non-alcoholic beverages and housing and utilities. Inflation Rate in Ghana averaged 16.84 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 Inflation Rate Edges Up to 10.6% in February


Consumer prices in Ghana increased 10.6 percent year-on-year in February of 2018, following a 10.3 percent rise in the previous month. Prices advanced faster mainly due to food and non-alcoholic beverages and housing and utilities.

Year-on-year, food cost rose further by 7.2 percent compared to 6.8 percent in January, namely fruits (9.8 percent compared to 9.2 percent) and coffee, tea and cocoa (9.3 percent compared to 8.2 percent). Additionally, prices went up at a faster pace for housing and utilities (7.8 percent compared to 7.4 percent); transport (18.9 percent compared to 17.9 percent) and miscellaneous goods and services (12.9 percent compared to 12.7 percent). Also, cost continued to increase for education (6.1 percent compared to 5.5 percent); communication (8.0 percent compared to 7.3 percent) and health (7.4 percent compared to 7.2 percent). Meanwhile, prices slowed for clothing and footwear (16.6 percent compared to 16.7 percent); restaurants and hotels (8.3 percent compared to 8.9 percent) and furnishings and household equipment (12.0 percent compared to 12.1 percent). In addition, cost eased for recreation and culture (13.2 percent compared to 13.7 percent) and alcoholic beverages, tobacco and narcotics (8.8 percent compared to 8.9 percent).

On a monthly basis, consumer prices increased 0.9 percent, after a 1.4 percent gain in the prior month.


Ghana Statistical Service | Stefanie Moya |
3/14/2018 1:21:06 PM



Calendar GMT Actual Previous Consensus TEForecast
2018-01-10 10:50 AM Inflation Rate YoY 11.8% 11.7% 11.5%
2018-02-14 10:50 AM Inflation Rate YoY 10.3% 11.8% 11.8%
2018-03-14 10:35 AM Inflation Rate YoY 10.6% 10.3% 9.6%
2018-04-11 10:55 AM Inflation Rate YoY 10.6% 10.2%
2018-05-09 10:10 AM Inflation Rate YoY 10.10%
2018-06-13 09:40 AM Inflation Rate YoY 10.20%


Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 10.60 10.30 63.00 0.40 percent [+]
Consumer Price Index CPI 211.90 210.10 211.90 9.81 Index Points [+]
Producer Prices 581.00 574.90 581.00 135.81 Index Points [+]
Food Inflation 7.20 6.80 9.70 5.00 percent [+]
Inflation Rate Mom 0.90 1.40 10.87 -3.34 percent [+]
Producer Prices Change 7.70 8.90 48.56 2.00 percent [+]


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 March of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
10.60 10.30 63.00 0.40 1998 - 2018 percent Monthly
2012=100




inflation rate by Country
Country Last
Australia 1.90 Dec/17
Brazil 2.84 Feb/18
Canada 1.70 Jan/18
China 2.90 Feb/18
Euro Area 1.10 Feb/18
France 1.20 Feb/18
Germany 1.40 Feb/18
India 4.44 Feb/18
Indonesia 3.18 Feb/18
Italy 0.50 Feb/18
Japan 1.40 Jan/18
Mexico 5.34 Feb/18
Netherlands 1.20 Feb/18
Russia 2.20 Feb/18
South Korea 1.40 Feb/18
Spain 1.10 Feb/18
Switzerland 0.60 Feb/18
Turkey 10.26 Feb/18
United Kingdom 3.00 Jan/18
United States 2.20 Feb/18


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