Ghana Inflation Rate 1965-2023
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- Ghana inflation rate for 2021 was 9.97%, a 0.08% increase from 2020.
- Ghana inflation rate for 2020 was 9.89%, a 2.74% increase from 2019.
- Ghana inflation rate for 2019 was 7.14%, a 0.67% decline from 2018.
- Ghana inflation rate for 2018 was 7.81%, a 4.56% decline from 2017.
| Ghana Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2021 |
9.97% |
0.08% |
| 2020 |
9.89% |
2.74% |
| 2019 |
7.14% |
-0.67% |
| 2018 |
7.81% |
-4.56% |
| 2017 |
12.37% |
-5.08% |
| 2016 |
17.45% |
0.30% |
| 2015 |
17.15% |
1.66% |
| 2014 |
15.49% |
3.82% |
| 2013 |
11.67% |
0.48% |
| 2012 |
11.19% |
2.46% |
| 2011 |
8.73% |
-2.00% |
| 2010 |
10.73% |
-8.51% |
| 2009 |
19.25% |
2.75% |
| 2008 |
16.49% |
5.76% |
| 2007 |
10.73% |
-0.94% |
| 2006 |
11.68% |
-3.76% |
| 2005 |
15.44% |
-2.60% |
| 2004 |
18.04% |
-11.73% |
| 2003 |
29.77% |
20.41% |
| 2002 |
9.36% |
-32.15% |
| 2001 |
41.51% |
1.27% |
| 2000 |
40.24% |
35.38% |
| 1999 |
4.87% |
-9.76% |
| 1998 |
14.62% |
-13.26% |
| 1997 |
27.89% |
-18.68% |
| 1996 |
46.56% |
-12.90% |
| 1995 |
59.46% |
34.59% |
| 1994 |
24.87% |
-0.09% |
| 1993 |
24.96% |
14.90% |
| 1992 |
10.06% |
-7.98% |
| 1991 |
18.03% |
-19.23% |
| 1990 |
37.26% |
12.04% |
| 1989 |
25.22% |
-6.14% |
| 1988 |
31.36% |
-8.46% |
| 1987 |
39.82% |
15.25% |
| 1986 |
24.57% |
14.26% |
| 1985 |
10.31% |
-29.36% |
| 1984 |
39.67% |
-83.21% |
| 1983 |
122.87% |
100.58% |
| 1982 |
22.30% |
-94.21% |
| 1981 |
116.50% |
66.43% |
| 1980 |
50.07% |
-4.37% |
| 1979 |
54.44% |
-18.65% |
| 1978 |
73.09% |
-43.36% |
| 1977 |
116.45% |
60.37% |
| 1976 |
56.08% |
26.26% |
| 1975 |
29.82% |
11.69% |
| 1974 |
18.13% |
0.45% |
| 1973 |
17.68% |
7.62% |
| 1972 |
10.07% |
0.51% |
| 1971 |
9.56% |
6.53% |
| 1970 |
3.03% |
-4.29% |
| 1969 |
7.32% |
-0.58% |
| 1968 |
7.89% |
16.32% |
| 1967 |
-8.42% |
-21.66% |
| 1966 |
13.24% |
-13.21% |
| 1965 |
26.44% |
-13.21% |
