Italy: Harmonized inflation rises in March
Harmonized inflation increased to 1.2% in March from February’s 0.8%. March’s figure marked the highest inflation rate since October 2023....
Inflation in Ghana
Consumer price inflation in Ghana averaged 14.3% in the ten years to 2022, which is above the Sub-Saharan Africa regional average of 9.4%. The 2022 average figure was 31.9%. For more inflation information, visit our dedicated page.
Ghana Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Ghana from 2014 to 2023.
Source: Ghana Statistical Service.
Ghana Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 9.8 | 8.4 | 8.7 | 10.0 | 31.9 |
| Inflation (CPI, ann. var. %, eop) | 9.4 | 6.2 | 10.5 | 12.6 | 54.2 |
Inflation accelerates in January
Inflation increased to 23.5% in January from December’s 23.2%. January's reading was the highest inflation rate since November 2023. Looking at the details of the release, clothing and footwear prices rose at a quicker pace in January compared to the previous month, and price pressures for transport picked up pace. Still, the trend pointed down, with annual average inflation coming in at 36.7% in January (December: 39.2%). Lastly, consumer prices increased a seasonally adjusted 2.00% over the previous month in January, picking up from the 1.16% rise recorded in December. January's result marked the highest reading since July 2023.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Ghanaian inflation projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Ghanaian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Ghanaian inflation projections.
Want to get access to the full dataset of Ghanaian inflation forecasts? Send an email to info@focus-economics.com.
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