Inflation Rate in Ghana decreased to -0.40 percent in October from 9.40 percent in September 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 decreased 0.40 percent in October of 2025 over the previous month. This dataset provides - Ghana Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 9.41 percent. That number was released in . It shows a decrease from the inflation rate in the previous month when it stood at 11.46 percent. Compared to a year ago, we see a decrease from the inflation...

Cost of food in Ghana increased 14.80 percent in August 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.

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.

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 **** percent. As of the same date, the Ashanti region recorded the lowest yearly rate in prices of goods and services in the country at **** percent.

Ghana Core Inflation Rate: excl Energy, Utility and All Food Items: 2021=100 data was reported at 6.200 % in Oct 2025. This records a decrease from the previous number of 7.500 % for Sep 2025. Ghana Core Inflation Rate: excl Energy, Utility and All Food Items: 2021=100 data is updated monthly, averaging 25.660 % from Jan 2019 (Median) to Oct 2025, with 82 observations. The data reached an all-time high of 54.400 % in Dec 2022 and a record low of 5.520 % in Jan 2019. 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.

Monthly dataset of the Ghana Inflation Rate MoM, including historical data, latest releases, and long-term trends from 2015-08-31 to 2025-10-31. Available for free download in CSV format.

Historical dataset showing Ghana inflation rate by year from 1965 to 2024.

Ghana Core Inflation Rate: excl Energy, Utility, Volatile Items and Transportation data was reported at 10.500 % in Oct 2018. This records a decrease from the previous number of 10.800 % for Sep 2018. Ghana Core Inflation Rate: excl Energy, Utility, Volatile Items and Transportation data is updated monthly, averaging 12.650 % from Jan 2016 (Median) to Oct 2018, with 34 observations. The data reached an all-time high of 17.900 % in Jul 2016 and a record low of 10.500 % in Oct 2018. Ghana Core Inflation Rate: excl Energy, Utility, Volatile Items and Transportation 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: Inflation forecast: The latest value from 2030 is 8 percent, unchanged from 8 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for Ghana from 1981 to 2030 is 23 percent. The minimum value, 5.99 percent, was reached in 1984 while the maximum of 142.42 percent was recorded in 1983.

Actual value and historical data chart for Ghana Inflation Consumer Prices Annual Percent

In November 2021, the inflation rate in Ghana increased to 12.2 percent over the same month in 2020. The year-on-year rate was 1.2 percentage points higher, compared to October 2021. That month, the inflation stood at 11 percent.

Inflation rate (GDP deflator) of Ghana plummeted by 36.75% from 40.1 % in 2023 to 25.4 % in 2024. Since the 132.81% surge in 2022, inflation rate (GDP deflator) dropped by 9.99% in 2024. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

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.

Inflation, monthly percent change in the CPI in Ghana, October, 2025 The most recent value is -0.39 percent as of October 2025, a decline compared to the previous value of 0.9 percent. Historically, the average for Ghana from February 2000 to October 2025 is 1.26 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

The annual average consumer price index in Ghana amounted to ****** points in 2024. Following a continuous upward trend, the index has risen by ****** points since 1980. Between 2024 and 2030, the index will rise by ****** points, continuing its consistent upward trajectory.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.

View yearly updates and historical trends for Ghana Inflation Rate Outlook, End of Period Consumer Prices. Source: International Monetary Fund. Track econ…