Ghana Inflation Rate 1965-2020

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 2019 was 7.18%, a 0.63% decline from 2018.
  • Ghana inflation rate for 2018 was 7.81%, a 4.56% decline from 2017.
  • Ghana inflation rate for 2017 was 12.37%, a 5.08% decline from 2016.
  • Ghana inflation rate for 2016 was 17.45%, a 0.3% increase from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Sudan 50.99%
Angola 17.15%
Nigeria 11.40%
Pakistan 10.58%
Zambia 9.15%
Myanmar 8.83%
Ukraine 7.89%
India 7.66%
Mongolia 7.30%
Ghana 7.18%
Tunisia 6.72%
Bangladesh 5.59%
Nicaragua 5.38%
Lesotho 5.19%
Georgia 4.85%
Moldova 4.84%
Honduras 4.37%
Papua New Guinea 3.64%
Sri Lanka 3.53%
Lao PDR 3.32%
Djibouti 3.32%
Indonesia 3.03%
Vietnam 2.80%
Vanuatu 2.76%
Bhutan 2.73%
Kosovo 2.68%
Philippines 2.48%
Cameroon 2.45%
Mauritania 2.30%
Congo, Rep. 2.21%
Bolivia 1.84%
Solomon Islands 1.63%
West Bank and Gaza 1.58%
Kyrgyz Republic 1.13%
Cabo Verde 1.11%
Morocco 0.20%
El Salvador 0.08%
Ghana Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2019 7.18% -0.63%
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% 4.54%
2012 7.13% -1.60%
2011 8.73% -1.98%
2010 10.71% -8.54%
2009 19.25% 2.73%
2008 16.52% 5.79%
2007 10.73% -0.18%
2006 10.92% -4.20%
2005 15.12% 2.49%
2004 12.62% -14.05%
2003 26.67% 11.86%
2002 14.82% -18.09%
2001 32.91% 7.71%
2000 25.19% 12.78%
1999 12.41% -2.22%
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%