Inflation Rate in Ghana decreased to 18.40 percent in May from 21.20 percent in April of 2025. This dataset provides - Ghana Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2021, the inflation rate in Ghana amounted to about 9.98 percent compared to the previous year. Ghana’s inflation peaked at almost 17.5 percent in 2016 and is predicted to decrease to 8 percent by 2030. Steady is best for inflationAccording to economists, a steady inflation rate between two and three percent is desirable to achieve a stable economy in a country. Inflation is the increase in the price level of consumer goods and services over a certain time period. A high inflation rate is often caused by excessive money supply and can turn into hyperinflation, i.e. if inflation occurs too quickly and rapidly, it can devalue currency and cause a recession and even economic collapse. This scenario is currently taking place in Venezuela , for example. The opposite of inflation, the decrease in the price level of goods and services below zero percent, is called deflation. While hyperinflation devalues money, deflation usually increases its value. Both events can damage an economy severely. Is Ghana’s economy at risk?Ghana’s economy is considered quite stable and fast-growing, and is rich in oil, diamonds, and gold. After struggling in the years around 2015 due to increased government spending and plummeting oil prices, it is now on an upswing again. This is also reflected in the decreasing inflation rate, and other key indicators like unemployment and rapid GDP growth support this theory. However, Ghana’s government debt is still struggling with the consequences of the 2015 crisis and forecast to keep skyrocketing during the next few years.

The Consumer Price Index in Ghana increased 0.70 percent in May of 2025 over the previous month. This dataset provides - Ghana Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ghana inflation rate for 2024 was 22.85%, a 15.26% decline from 2023.

<ul style='margin-top:20px;'>

<li>Ghana inflation rate for 2023 was <strong>38.11%</strong>, a <strong>6.85% increase</strong> from 2022.</li>
<li>Ghana inflation rate for 2022 was <strong>31.26%</strong>, a <strong>21.28% increase</strong> from 2021.</li>
<li>Ghana inflation rate for 2021 was <strong>9.97%</strong>, a <strong>0.08% increase</strong> from 2020.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

As of September 2023, the year-on-year inflation rate for food and non-food in Ghana was highest in the Eastern region, which registered 49.9 percent. As of the same date, the Ashanti region recorded the lowest yearly rate in prices of goods and services in the country at 31.2 percent.

Graph and download economic data for Inflation, consumer prices for Ghana (FPCPITOTLZGGHA) from 1965 to 2024 about Ghana, consumer, CPI, inflation, price index, indexes, and price.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in Ghana was 22.43 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 23.15 percent. Compared to a year ago, we see a decrease from the inflation...

The Consumer Price Index in Ghana was reported at 194.1 points in September 2023, which was an increase of 53.5 points compared to September 2022. Inflation increased progressively from September 2022 onwards. Overall, within the period reviewed, the change in prices of goods and services consumed by households in Ghana achieved a monthly inflation change rate ranging between minus 1.2 and 8.6 percent.

Cost of food in Ghana increased 22.80 percent in May of 2025 over the same month in the previous year. This dataset provides - Ghana Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation, consumer prices (annual %) in Ghana was reported at 22.85 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Ghana Core Inflation Rate: excl Energy, Utility and All Food Items: 2021=100 data was reported at 17.100 % in Dec 2024. This records a decrease from the previous number of 17.600 % for Nov 2024. Ghana Core Inflation Rate: excl Energy, Utility and All Food Items: 2021=100 data is updated monthly, averaging 23.000 % from Oct 2021 (Median) to Dec 2024, with 38 observations. The data reached an all-time high of 47.200 % in Dec 2022 and a record low of 9.100 % in Oct 2021. Ghana Core Inflation Rate: excl Energy, Utility and All Food Items: 2021=100 data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.I010: Core Inflation Rates.

Ghana Core Inflation Rate: excl Energy, Utility and Volatile Items data was reported at 10.800 % in Oct 2018. This records a decrease from the previous number of 11.100 % for Sep 2018. Ghana Core Inflation Rate: excl Energy, Utility and Volatile Items data is updated monthly, averaging 13.800 % from Jan 2016 (Median) to Oct 2018, with 34 observations. The data reached an all-time high of 19.700 % in Mar 2016 and a record low of 10.800 % in Oct 2018. Ghana Core Inflation Rate: excl Energy, Utility and Volatile Items data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.I006: Core Inflation Rates.

Ghana Core Inflation Rate: excl Energy, Utility and All Food Items data was reported at 11.200 % in Oct 2018. This records a decrease from the previous number of 11.900 % for Sep 2018. Ghana Core Inflation Rate: excl Energy, Utility and All Food Items data is updated monthly, averaging 16.900 % from Jan 2016 (Median) to Oct 2018, with 34 observations. The data reached an all-time high of 24.900 % in Mar 2016 and a record low of 11.200 % in Oct 2018. Ghana Core Inflation Rate: excl Energy, Utility and All Food Items data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.I006: Core Inflation Rates.

The Consumer Price Index (CPI) in Ghana reached an average of 226.4 points in June 2024, with the Eastern region recording the highest index (262.3 points) compared to the other regions in the country. Furthermore, the Upper West region registered the lowest CPI, at 197.9 points.

As shown in this statistic, the annual average consumer price index in Ghana amounts to approximately ****** points in 2025.Continuous rise between 1980 and 2025A comparison to the earliest shown observation from 1980 reveals a total increase by approximately ****** points. The trajectory from 1980 to 2025 shows furthermore that this increase happened continuously.Continuous rise between 2025 and 2030In 2030 the index will lie at around ************* points, according to forecasts. There is an overall increase by approximately ****** points since 2025. This growth reflects a steady upward trend.As defined by the International Monetary Fund, this indicator measures inflation on the basis of the average consumer price index. This index measure expresses a country's average level of prices based on a typical basket of consumer goods and services during a certain year. Typically a reference year exists for which a value of 100 had been assigned.

Inflation, monthly percent change in the CPI in Ghana, April, 2025 The most recent value is 0.82 percent as of April 2025, an increase compared to the previous value of 0.23 percent. Historically, the average for Ghana from February 2000 to April 2025 is 1.29 percent. The minimum of -1.52 percent was recorded in September 2011, while the maximum of 12.8 percent was reached in February 2003. | TheGlobalEconomy.com

In April 2025, the food and non-alcoholic beverage inflation rate in Ghana increased by 25 percent over the same month in 2024. Moreover, considering the period observed, the year-on-year rate was highest in January 2023.

In September 2023, prices of food and non-food fell the most in the Upper East region of Ghana, reaching an inflation rate of minus 0.5 percent. On the other hand, as of the same date, the highest monthly inflation rate was registered in the Greater Accra region with 3.2 percent, followed by the Eastern region at 3.1 percent. Overall, three regions recorded an inflation rate above the national average.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Inflation, GDP deflator: linked series (annual %) in Ghana was reported at 33.08 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.