Ghana Inflation Rate 1965-2021

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 2020 was 9.95%, a 2.78% increase from 2019.
  • Ghana inflation rate for 2019 was 7.18%, a 6.77% increase from 2018.
  • Ghana inflation rate for 2018 was 0.41%, a 11.29% decline from 2017.
  • Ghana inflation rate for 2017 was 11.70%, a 5.76% decline from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Zambia 15.73%
Ghana 9.95%
Pakistan 9.74%
India 6.62%
Kyrgyz Republic 6.33%
Sri Lanka 6.15%
Bangladesh 5.69%
Tunisia 5.63%
Bhutan 5.63%
Kenya 5.40%
Georgia 5.20%
Lao PDR 5.13%
Egypt 5.04%
Lesotho 4.98%
Moldova 3.77%
Mongolia 3.69%
Nicaragua 3.68%
Honduras 3.47%
Vietnam 3.22%
Solomon Islands 2.96%
Ukraine 2.73%
Philippines 2.64%
Cameroon 2.44%
Mauritania 2.39%
Bolivia 0.94%
Morocco 0.71%
Cabo Verde 0.61%
Kosovo 0.20%
El Salvador -0.37%
West Bank and Gaza -0.74%
Ghana Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2020 9.95% 2.78%
2019 7.18% 6.77%
2018 0.41% -11.29%
2017 11.70% -5.76%
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%