Ghana Inflation Rate

Last Release

Feb 28, 2025

Actual

23.1

Units In

23.5

Frequency

Monthly

Next Release

Apr 11, 2025

Time to Release

1 Months 3 Days 20 Hours

Highest	Lowest	Average	Date Range	Source
63.1 Mar 2001	0.4 May 1999	17.38 %	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 eased for the second month to 23.1% in February 2025, from 23.5% in January, partly due to a more stable exchange rate. Still, the inflation rate remains well above the Bank of Ghana’s 8% target range, with a 6%-10% tolerance band. Food inflation decelerated for the first time in six months to 28.1% from 28.3% in January, while non-food price growth moderated to 18.8% from 19.2%. On a monthly basis, consumer prices rose by 1.3%, the least in four months, after a 1.7% increase in the prior month. The central bank said in January that it would take longer for inflation to return to within the target.