Ghana Inflation Rate

Last Release

Mar 31, 2025

Actual

22.4

Units In

23.1

Frequency

Monthly

Next Release

May 05, 2025

Time to Release

1 Months 0 Days 4 Hours

Highest	Lowest	Average	Date Range	Source
63.1 Mar 2001	0.4 May 1999	17.4 %	1998-2025	Ghana Statistical Service

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.

Latest Updates

Ghana's annual consumer inflation fell for the third month to 22.4% in March 2025, reaching the lowest in five months, helped by the stability of the cedi. Still, the inflation rate remains well above the Bank of Ghana’s 8% target range, with a 6%-10% tolerance band. Price growth moderated for both food (26.5% vs 28.1% in February) and non-food products (18.7% vs 18.8%). On a monthly basis, consumer prices rose by 0.2%, marking the softest increase in seven months, after a 1.3% rise in the previous month.