Ghana Inflation Rate

Last Release

May 31, 2025

Actual

18.4

Units In

21.2

Frequency

Monthly

Next Release

Jul 05, 2025

Time to Release

28 Days 21 Hours

Highest	Lowest	Average	Date Range	Source
63.1 Mar 2001	0.4 May 1999	17.41 %	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 moderated for the fifth month to 18.4% in May 2025, reaching the lowest point since February 2022, mainly supported by a stronger currency. Ghana, the largest gold producer in Africa, has seen its currency, the cedi, appreciate by over 30% this year, making it the world’s top-performing currency, buoyed by a surge in gold prices. Price growth slowed for both food (22.8% vs 25% in April) and non-food products (14.4% vs 17.9%). On a monthly basis, consumer prices rose by 0.7% in May.