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Inflation in Ghana Inflation rate for January hits 19%

Meaning that the change in the general price level was 19.0% over the one year period, from January 2015 to January 2016.

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The Ghana Statistical Service has pegged the annual (year-on-year) inflation rate for January 2016 at 19.0%.

Meaning that the change in the general price level was 19.0% over the one year period, from January 2015 to January 2016.

The year-on-year inflation rate for December 2015 was 17.7%. The monthly change rate for January 2016 was 4.6%.

Meaning that the general price level went up by 4.6% between December 2015 and January

2016.The monthly change rate recorded for December 2015 was 1.1%.

 

 Index levelChange rate (%) 
Month2012=100MonthlyYearly
November, 2015158.91.017.6
January, 2016168.04.619.0

 

Food and Non-food Inflation rate

The rate of inflation has two main components;

Food inflation and  Non-food inflation

The food inflation rate for January 2016 was 8.2% (compared with 8.0% recorded in December

2015). The non-food inflation rate for January 2016  was 25.5% (compared with 23.3% recorded in December 2015).

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