The annual inflation fee in Ghana accelerated for the fifth straight month to 11% in October of 2021, from 10.6% in September. That was the best inflation fee since July of 2020, exceeding the Financial institution of Ghana’s goal band of 6% to 10% for the second straight month. Costs accelerated for non-food merchandise (11% vs 9.9% in September), specifically housing & utilities and transport, whereas meals inflation slowed considerably (11% vs 11.5%). supply: Ghana Statistical Service
Inflation Price in Ghana averaged 15.54 % from 1998 till 2021, reaching an all time excessive of 63.10 % in March of 2001 and a file low of 0.40 % in Might of 1999. This web page gives – Ghana Inflation Price – precise values, historic knowledge, forecast, chart, statistics, financial calendar and information. Ghana Inflation Price – knowledge, historic chart, forecasts and calendar of releases – was final up to date on November of 2021.
Inflation Price in Ghana is anticipated to be 8.00 % by the top of this quarter, in line with Buying and selling Economics world macro fashions and analysts expectations. Within the long-term, the Ghana Inflation Price is projected to pattern round 7.00 % in 2022 and 6.00 % in 2023, in line with our econometric fashions.
Ghana October Inflation Price at Close to 1-1/2-Yr Excessive
Ghana September Inflation Price at Over 1-Yr Excessive
Ghana August Inflation Price Picks As much as 5-Month Excessive
Ghana Inflation Price
In Ghana, an important parts within the Client Worth Index (CPI) are Meals and Non Alcoholic Drinks (43.6 % of complete weight); Housing, Water, Electrical energy, Fuel and Different Utilities (9.5 %) and Clothes and Footwear (8.9 %). Transport account for 7.2 % of complete index, Miscellaneous Items and Companies for 7 %, Resorts, Cafés and Eating places for six % and Furnishing and Family Tools for 4.6 %. Schooling represents 3.Eight % of complete weight, Recreation and Tradition one other 2.7 % and Communication 2.6 %. Well being accounts for the remaining 2.Four % and Alcoholic Drinks, Tobacco and Narcotics 1.6 %.