Ghana Inflation Rate
Ghana's year-on-year inflation rate decreased to 9.4% in September 2025. This is down from 11.5% in August 2025. The decline is the lowest rate recorded since August 2021. Easing food prices drove this trend. Food inflation fell to 11.0% in September from 14.8% in August. Non-food inflation also decreased to 8.2% in September from 8.7% in August. Inflation for locally produced items dropped to 10.1% in September from 12.2% in August. Imported items saw inflation fall to 7.4% in September from 9.5% in August. This indicates a move toward macroeconomic stability. Ghana's record low inflation rate was 7.5% in May 2021 and record high was 54.1% in December 2022.
Monthly Historical Data (2015-2025)
(in %)Recent Events
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Ghana Inflation Rate : Definition
Ghana's inflation rate shows the percentage increase in the Ghana Cedi price level for goods and services. It is calculated using the Consumer Price Index (CPI) compiled by the Ghana Statistical Service. The CPI tracks price changes in a representative basket of goods and services with significant weights for food, housing, transport and utilities. The annual inflation rate reflects the CPI's year-on-year percentage change.