The annual inflation rate in Ghana edged up to 9.3 percent in March of 2019 from 9.2 percent in the prior month. It is the highest inflation rate since December, driven by both food (8.4% vs 8.1% in February) and non-food products (9.7%, the same as in the prior month). On a monthly basis, consumer prices went up 1.2 percent, following a 1.0 percent increase in February. Inflation Rate in Ghana averaged 16.31 percent from 1998 until 2019, 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.

Inflation Rate in Ghana is expected to be 8.50 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 7.70 in 12 months time. In the long-term, the Ghana Inflation Rate is projected to trend around 7.00 percent in 2020, according to our econometric models.

Ghana Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-01-09 03:00 PM Inflation Rate YoY 9.4% 9.3% 9%
2019-02-13 01:00 PM Inflation Rate YoY 9% 9.4% 9.2%
2019-03-13 12:35 PM Inflation Rate YoY 9.2% 9% 9.2%
2019-04-10 10:40 AM Inflation Rate YoY 9.3% 9.2% 9.4%
2019-05-09 12:10 PM Inflation Rate YoY 9.3% 8.7%
2019-06-13 10:30 AM Inflation Rate YoY 8.6%
2019-07-11 10:45 AM Inflation Rate YoY 8.5%



Ghana Inflation Rate Ticks Up to 9.3% in March

The annual inflation rate in Ghana edged up to 9.3 percent in March of 2019 from 9.2 percent in the prior month. It is the highest inflation rate since December, driven by prices of both food and non-food products.

Year-on-year, inflation quickened mainly for food & non-alcoholic beverages (8.4 percent vs 8.1 percent in February), essentially coffee, tea and cocoa (13 percent vs 11.6 percent); mineral water, soft drinks, fruit and vegetable juices (11.1 percent vs 9.9 percent); fruits (10.2 percent vs 10 percent) and meat and meat products (9.1 percent, the same as in the prior month). Also, prices remained elevated for non-food products (9.7 percent, the same pace as in February), namely clothing & footwear (13.3 percent, the same pace as in February); transport (13.7 percent vs 12.8 percent); furnishing, household equipment and routine maintenance (12.2 percent vs 11.6 percent) and recreation & culture (14.1 percent vs 13.2 percent).

In contrast, cost slowed for housing & utilities (2.1 percent vs 2.6 percent).

On a monthly basis, consumer prices went up 1.2 percent, following a 1.0 percent increase in February.


Ghana Statistical Service | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
4/12/2019 3:12:43 PM



Ghana Prices Last Previous Highest Lowest Unit
Inflation Rate 9.30 9.20 63.10 0.40 percent [+]
Consumer Price Index CPI 234.00 231.30 234.00 9.81 Index Points [+]
Producer Prices 612.90 600.80 612.90 135.81 Index Points [+]
Food Inflation 8.40 8.10 9.70 5.00 percent [+]
Producer Prices Change 5.40 3.40 48.56 2.00 percent [+]
Inflation Rate Mom 1.20 1.00 10.87 -3.34 percent [+]
Cpi Housing Utilities 331.70 330.70 331.70 94.76 Index Points [+]
Cpi Transportation 374.00 372.90 374.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.30 9.20 63.10 0.40 1998 - 2019 percent Monthly
2012=100




Country Last Previous
Argentina 50.70 Feb/19
Australia 1.80 Dec/18
Brazil 4.58 Mar/19
Canada 1.50 Feb/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 0.98 Mar/19
Japan 0.20 Feb/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.20 Feb/19
Singapore 0.50 Feb/19
South Africa 4.10 Feb/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Feb/19
United States 1.90 Mar/19


Related

Latest