# Ghana - Inflation

## Inflation, consumer prices (annual %)

The value for Inflation, consumer prices (annual %) in Ghana was 10.71 as of 2010. As the graph below shows, over the past 45 years this indicator reached a maximum value of 122.87 in 1983 and a minimum value of -8.42 in 1967.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files.

Year Value
1965 26.44
1966 13.24
1967 -8.42
1968 7.89
1969 7.32
1970 3.03
1971 9.56
1972 10.07
1973 17.68
1974 18.13
1975 29.82
1976 56.08
1977 116.45
1978 73.09
1979 54.44
1980 50.07
1981 116.50
1982 22.30
1983 122.87
1984 39.67
1985 10.31
1986 24.57
1987 39.82
1988 31.36
1989 25.22
1990 37.26
1991 18.03
1992 10.06
1993 24.96
1994 24.87
1995 59.46
1996 46.56
1997 27.89
1998 14.62
1999 12.41
2000 25.19
2001 32.91
2002 14.82
2003 26.67
2004 12.62
2005 15.12
2006 10.92
2007 10.73
2008 16.52
2009 19.25
2010 10.71

## Inflation, GDP deflator (annual %)

The value for Inflation, GDP deflator (annual %) in Ghana was 17.28 as of 2010. As the graph below shows, over the past 49 years this indicator reached a maximum value of 123.06 in 1983 and a minimum value of -3.88 in 1967.

Definition: Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1961 3.40
1962 1.96
1963 6.77
1964 9.93
1965 17.02
1966 8.15
1967 -3.88
1968 12.61
1969 11.01
1970 2.92
1971 5.19
1972 15.47
1973 20.87
1974 24.56
1975 29.46
1976 28.05
1977 67.25
1978 73.30
1979 37.95
1980 51.13
1981 75.63
1982 27.89
1983 123.06
1984 35.31
1985 20.65
1986 41.71
1987 39.20
1988 33.40
1989 28.29
1990 31.17
1991 20.04
1992 11.15
1993 31.76
1994 30.13
1995 43.05
1996 39.84
1997 19.46
1998 17.05
1999 13.97
2000 27.23
2001 34.82
2002 22.82
2003 28.70
2004 14.35
2005 14.96
2006 80.75
2007 16.28
2008 20.20
2009 16.62
2010 17.28

## Classification

Sub-Topic: Exchange rates & prices