The annual inflation rate in Ghana rose to 7.8 percent in June of 2021 from a record low of 7.5 percent in May, but below the middle of the central bank’s target range of 6-10 percent. Prices advanced faster for food (7.3 percent vs 5.3 percent in May), while inflation slowed for non-food products (8.2 percent vs 9.2 percent). On a monthly basis, consumer prices inched up 1.3 percent, after increasing 0.8 percent in the previous month. source: Ghana Statistical Service
Inflation Rate in Ghana averaged 15.62 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 July of 2021.
Inflation Rate in Ghana is expected to be 7.60 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 6.30 in 12 months time. In the long-term, the Ghana Inflation Rate is projected to trend around 6.00 percent in 2022 and 5.00 percent in 2023, according to our econometric models.