Ghana - Inflation, consumer prices (annual %) 1965 - 2022
Ghana's inflation, consumer prices (annual %) is currently 31.26%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Ghana's inflation, consumer prices (annual %) for 2022 was 31.256%, a 213.47% increase from 2021, with a +21 difference.
- In 2021 it was 9.971%, a 0.85% increase from 2020.
- In 2020 it was 9.887%, a 38.41% increase from 2019.
- In 2019 it was 7.144%, a -8.52% increase from 2018.
- In 2018 it was 7.809%, a -36.88% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Ghana is currently 27.0596% (average of years with recorded data) with a lowest recorded value of -8.4225% in 1967 and a highest value of 122.8745% in 1983.
Ghana's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1965 | 26.445% | |
| 1966 | 13.238% | -49.94% |
| 1967 | -8.422% | -163.62% |
| 1968 | 7.895% | 193.73% |
| 1969 | 7.317% | -7.32% |
| 1970 | 3.03% | -58.59% |
| 1971 | 9.559% | 215.44% |
| 1972 | 10.067% | 5.32% |
| 1973 | 17.683% | 75.65% |
| 1974 | 18.135% | 2.55% |
| 1975 | 29.825% | 64.46% |
| 1976 | 56.081% | 88.04% |
| 1977 | 116.45% | 107.65% |
| 1978 | 73.092% | -37.23% |
| 1979 | 54.441% | -25.52% |
| 1980 | 50.07% | -8.03% |
| 1981 | 116.504% | 132.68% |
| 1982 | 22.296% | -80.86% |
| 1983 | 122.875% | 451.12% |
| 1984 | 39.665% | -67.72% |
| 1985 | 10.305% | -74.02% |
| 1986 | 24.565% | 138.37% |
| 1987 | 39.815% | 62.08% |
| 1988 | 31.359% | -21.24% |
| 1989 | 25.224% | -19.57% |
| 1990 | 37.259% | 47.71% |
| 1991 | 18.031% | -51.61% |
| 1992 | 10.056% | -44.23% |
| 1993 | 24.96% | 148.21% |
| 1994 | 24.87% | -0.36% |
| 1995 | 59.462% | 139.09% |
| 1996 | 46.561% | -21.70% |
| 1997 | 27.885% | -40.11% |
| 1998 | 14.624% | -47.56% |
| 1999 | 4.865% | -66.73% |
| 2000 | 40.241% | 727.08% |
| 2001 | 41.509% | 3.15% |
| 2002 | 9.361% | -77.45% |
| 2003 | 29.773% | 218.06% |
| 2004 | 18.043% | -39.40% |
| 2005 | 15.439% | -14.43% |
| 2006 | 11.679% | -24.35% |
| 2007 | 10.734% | -8.09% |
| 2008 | 16.495% | 53.66% |
| 2009 | 19.247% | 16.69% |
| 2010 | 10.733% | -44.23% |
| 2011 | 8.728% | -18.68% |
| 2012 | 11.186% | 28.16% |
| 2013 | 11.666% | 4.29% |
| 2014 | 15.49% | 32.77% |
| 2015 | 17.15% | 10.72% |
| 2016 | 17.455% | 1.78% |
| 2017 | 12.372% | -29.12% |
| 2018 | 7.809% | -36.88% |
| 2019 | 7.144% | -8.52% |
| 2020 | 9.887% | 38.41% |
| 2021 | 9.971% | 0.85% |
| 2022 | 31.256% | 213.47% |
Expand
Comparison with Countries in the Sub-Saharan Africa Region.
Among countries in the same World Bank Sub-Saharan Africa (SSA) region, Ghana comes in 3rd with 31.256% inflation, consumer prices (annual %).
- Within the same region, Sudan comes in 1st with 138.808%, inflation, consumer prices (annual %).
- Zimbabwe comes in 2nd with 104.705%.
- Sierra Leone comes in 4th with 27.208%.
- Ethiopia comes in 5th with 26.84%.
- Angola comes in 6th with 25.754%.
- Liberia comes in 7th with 23.564%.
- Malawi comes in 8th with 20.954%.
- Nigeria comes in 9th with 18.847%.
- Burundi comes in 10th with 18.801%.
- Sao Tome and Principe comes in 11th with 18.006%.
- Rwanda comes in 12th with 17.689%.
- And Burkina Faso comes in 13th with 14.29%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Sub-Saharan Africa Region.
Top 10 Countries in the Sub-Saharan Africa Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Sudan | 138.81% | 2022 |
| 2 | Zimbabwe | 104.70% | 2022 |
| 3 | Ghana | 31.26% | 2022 |
| 4 | Sierra Leone | 27.21% | 2022 |
| 5 | Ethiopia | 26.84% | 2021 |
| 6 | Angola | 25.75% | 2021 |
| 7 | Liberia | 23.56% | 2018 |
| 8 | Malawi | 20.95% | 2022 |
| 9 | Nigeria | 18.85% | 2022 |
| 10 | Burundi | 18.80% | 2022 |
Comparison with Countries in the Lower middle income Group.
Among countries in the same World Bank Lower middle income (LMI) group, Ghana comes in 6th with 31.256% inflation, consumer prices (annual %).
- Within the same income group, Lebanon comes in 1st with 154.756%, inflation, consumer prices (annual %).
- Zimbabwe comes in 2nd with 104.705%.
- Sri Lanka comes in 3rd with 49.721%.
- Iran, Islamic Rep. comes in 4th with 43.389%.
- Haiti comes in 5th with 33.984%.
- Angola comes in 7th with 25.754%.
- Lao PDR comes in 8th with 22.956%.
- Ukraine comes in 9th with 20.184%.
- Pakistan comes in 10th with 19.874%.
- Nigeria comes in 11th with 18.847%.
- Sao Tome and Principe comes in 12th with 18.006%.
- Mongolia comes in 13th with 15.148%.
- Kyrgyz Republic comes in 14th with 13.923%.
- Egypt, Arab Rep. comes in 15th with 13.896%.
- And Uzbekistan comes in 16th with 11.447%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Lower middle income Group.
Top 14 Countries in the Lower middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lebanon | 154.756% | 2021 |
| 2 | Zimbabwe | 104.705% | 2022 |
| 3 | Sri Lanka | 49.721% | 2022 |
| 4 | Iran, Islamic Rep. | 43.389% | 2021 |
| 5 | Haiti | 33.984% | 2022 |
| 6 | Ghana | 31.256% | 2022 |
| 7 | Angola | 25.754% | 2021 |
| 8 | Lao PDR | 22.956% | 2022 |
| 9 | Ukraine | 20.184% | 2022 |
| 10 | Pakistan | 19.874% | 2022 |
| 11 | Nigeria | 18.847% | 2022 |
| 12 | Sao Tome and Principe | 18.006% | 2022 |
| 13 | Mongolia | 15.148% | 2022 |
| 14 | Kyrgyz Republic | 13.923% | 2022 |