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Inflation Rates: 1992-2013
Rates of inflation are calculated using the Current Consumer Price Index published monthly by the Ghana Statistical Service (GSS) charged by Law with the responsibility of collecting, compiling, analyzing and disseminating official statistics in Ghana.

What is inflation?
Inflation is simply an increase in the level of prices (of goods and services in the country). A higher inflation means that you can buy less for your money. Most economists consider a normal level of inflation to be 2-3% per year. Inflation can be measured in a variety of ways, but the method currently used by the Ghana Statistical Service is the Consumer Price Index (CPI).

Consumer Price Index (Ghana)
The Consumer Price Index (CPI) measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption, with reference to "a" price level. The CPI includes items such as services, housing, electricity, food, and transportation.

So why bother about inflation?
If inflation is low, prices of food should go down, interest rates on loans should go down,the value of the Ghana Cedi should appreciate and subsequently prices of imports should go down. (Unfortunately this is mostly not the case)

Put in simple terms:
Lower Inflation = Cedi Appreciation to Foreign Currencies = Cheaper imports = Lower prices for goods and services

This leads to:
Lower interest rates = less expensive borrowing costs for industry and private individuals = more investments = more economic growth

  	Ghana Inflation : 1992 - 2013

Date Period Inflation

2013-05-01 Mahama (1st Term) 11.1000
2013-04-01 Mahama (1st Term) 10.6000
2013-03-01 Mahama (1st Term) 10.4000
2013-02-01 Mahama (1st Term) 10.0000
2013-01-01 Mahama (1st Term) 8.8000
2012-12-01 Mills (1st Term) 8.8000
2012-11-01 Mills (1st Term) 9.3000
2012-10-01 Mills (1st Term) 9.2000
2012-09-01 Mills (1st Term) 9.4000
2012-08-01 Mills (1st Term) 9.5000
2012-07-01 Mills (1st Term) 9.5000
2012-06-01 Mills (1st Term) 9.4000
2012-05-01 Mills (1st Term) 9.3000
2012-04-01 Mills (1st Term) 9.1000
2012-03-01 Mills (1st Term) 8.8000
2012-02-01 Mills (1st Term) 8.6000
2012-01-01 Mills (1st Term) 8.7000
2011-12-01 Mills (1st Term) 8.5800
2011-11-01 Mills (1st Term) 8.5500
2011-10-01 Mills (1st Term) 8.6000
2011-09-01 Mills (1st Term) 8.4000
2011-08-01 Mills (1st Term) 8.4100
2011-07-01 Mills (1st Term) 8.3900
2011-06-01 Mills (1st Term) 8.5900
2011-05-01 Mills (1st Term) 8.9000
2011-04-01 Mills (1st Term) 9.0200
2011-03-01 Mills (1st Term) 9.1300
2011-02-01 Mills (1st Term) 9.1600
2011-01-01 Mills (1st Term) 9.0800
2010-12-01 Mills (1st Term) 8.5800
2010-11-01 Mills (1st Term) 9.0800
2010-10-01 Mills (1st Term) 9.3800
2010-09-01 Mills (1st Term) 9.3800
2010-08-01 Mills (1st Term) 9.4400
2010-07-01 Mills (1st Term) 9.4600
2010-06-01 Mills (1st Term) 9.5200
2010-05-01 Mills (1st Term) 10.6800
2010-04-01 Mills (1st Term) 11.6600
2010-03-01 Mills (1st Term) 13.3200
2010-02-01 Mills (1st Term) 14.2300
2010-01-01 Mills (1st Term) 14.7800
2009-12-01 Mills (1st Term) 15.9700
2009-11-01 Mills (1st Term) 16.9200
2009-10-01 Mills (1st Term) 18.0400
2009-09-01 Mills (1st Term) 18.3700
2009-08-01 Mills (1st Term) 19.6500
2009-07-01 Mills (1st Term) 20.5000
2009-06-01 Mills (1st Term) 20.7400
2009-05-01 Mills (1st Term) 20.0600
2009-04-01 Mills (1st Term) 20.5600
2009-03-01 Mills (1st Term) 20.5300
2009-02-01 Mills (1st Term) 20.3400
2009-01-01 Mills (1st Term) 19.8600
2008-12-01 Kufour (2nd Term) 18.1300
2008-11-01 Kufour (2nd Term) 17.4400
2008-10-01 Kufour (2nd Term) 17.3000
2008-09-01 Kufour (2nd Term) 17.8900
2008-08-01 Kufour (2nd Term) 18.1000
2008-07-01 Kufour (2nd Term) 18.3100
2008-06-01 Kufour (2nd Term) 18.4100
2008-05-01 Kufour (2nd Term) 16.8800
2008-04-01 Kufour (2nd Term) 15.3000
2008-03-01 Kufour (2nd Term) 13.7900
2008-02-01 Kufour (2nd Term) 13.2100
2008-01-01 Kufour (2nd Term) 12.8100
2007-12-01 Kufour (2nd Term) 12.7500
2007-11-01 Kufour (2nd Term) 11.4000
2007-10-01 Kufour (2nd Term) 10.1000
2007-09-01 Kufour (2nd Term) 10.2000
2007-08-01 Kufour (2nd Term) 10.4000
2007-07-01 Kufour (2nd Term) 10.1000
2007-06-01 Kufour (2nd Term) 10.7000
2007-05-01 Kufour (2nd Term) 11.0000
2007-04-01 Kufour (2nd Term) 10.5000
2007-03-01 Kufour (2nd Term) 10.2000
2007-02-01 Kufour (2nd Term) 10.4000
2007-01-01 Kufour (2nd Term) 10.9000
2006-12-01 Kufour (2nd Term) 10.5000
2006-11-01 Kufour (2nd Term) 10.3000
2006-10-01 Kufour (2nd Term) 10.5000
2006-09-01 Kufour (2nd Term) 10.8000
2006-08-01 Kufour (2nd Term) 11.2000
2006-07-01 Kufour (2nd Term) 11.4000
2006-06-01 Kufour (2nd Term) 10.5000
2006-05-01 Kufour (2nd Term) 10.2000
2006-04-01 Kufour (2nd Term) 9.5000
2006-03-01 Kufour (2nd Term) 9.9000
2006-02-01 Kufour (2nd Term) 12.1000
2006-01-01 Kufour (2nd Term) 14.6000
2005-12-01 Kufour (2nd Term) 14.8000
2005-11-01 Kufour (2nd Term) 15.3000
2005-10-01 Kufour (2nd Term) 15.4000
2005-09-01 Kufour (2nd Term) 15.0000
2005-08-01 Kufour (2nd Term) 14.7000
2005-07-01 Kufour (2nd Term) 14.9000
2005-06-01 Kufour (2nd Term) 15.7000
2005-05-01 Kufour (2nd Term) 16.3000
2005-04-01 Kufour (2nd Term) 16.6000
2005-03-01 Kufour (2nd Term) 16.7000
2005-02-01 Kufour (2nd Term) 14.0000
2005-01-01 Kufour (2nd Term) 11.6000
2004-12-01 Kufour (1st Term) 11.8000
2004-11-01 Kufour (1st Term) 12.3000
2004-10-01 Kufour (1st Term) 12.4000
2004-09-01 Kufour (1st Term) 12.6000
2004-08-01 Kufour (1st Term) 12.9000
2004-07-01 Kufour (1st Term) 12.4000
2004-06-01 Kufour (1st Term) 11.9000
2004-05-01 Kufour (1st Term) 11.2000
2004-04-01 Kufour (1st Term) 11.2000
2004-03-01 Kufour (1st Term) 10.5000
2004-02-01 Kufour (1st Term) 11.3000
2004-01-01 Kufour (1st Term) 22.4000
2003-12-01 Kufour (1st Term) 23.6000
2003-11-01 Kufour (1st Term) 23.8000
2003-10-01 Kufour (1st Term) 24.6000
2003-09-01 Kufour (1st Term) 26.8000
2003-08-01 Kufour (1st Term) 27.7000
2003-07-01 Kufour (1st Term) 29.0000
2003-06-01 Kufour (1st Term) 29.6000
2003-05-01 Kufour (1st Term) 29.8000
2003-04-01 Kufour (1st Term) 30.0000
2003-03-01 Kufour (1st Term) 29.9000
2003-02-01 Kufour (1st Term) 29.4000
2003-01-01 Kufour (1st Term) 16.3000
2002-12-01 Kufour (1st Term) 15.2000
2002-11-01 Kufour (1st Term) 14.0000
2002-10-01 Kufour (1st Term) 13.2000
2002-09-01 Kufour (1st Term) 12.9000
2002-08-01 Kufour (1st Term) 13.1000
2002-07-01 Kufour (1st Term) 13.5000
2002-06-01 Kufour (1st Term) 13.7000
2002-05-01 Kufour (1st Term) 14.3000
2002-04-01 Kufour (1st Term) 14.9000
2002-03-01 Kufour (1st Term) 16.0000
2002-02-01 Kufour (1st Term) 18.3000
2002-01-01 Kufour (1st Term) 20.1000
2001-12-01 Kufour (1st Term) 21.3000
2001-11-01 Kufour (1st Term) 23.7000
2001-10-01 Kufour (1st Term) 25.6000
2001-09-01 Kufour (1st Term) 28.3000
2001-08-01 Kufour (1st Term) 32.0000
2001-07-01 Kufour (1st Term) 34.9000
2001-06-01 Kufour (1st Term) 36.8000
2001-05-01 Kufour (1st Term) 37.9000
2001-04-01 Kufour (1st Term) 39.5000
2001-03-01 Kufour (1st Term) 41.9000
2001-02-01 Kufour (1st Term) 40.1000
2001-01-01 Kufour (1st Term) 40.9000
2000-12-01 Rawlings (2nd Term) 40.5000
2000-11-01 Rawlings (2nd Term) 39.5000
2000-10-01 Rawlings (2nd Term) 37.4000
2000-09-01 Rawlings (2nd Term) 32.3000
2000-08-01 Rawlings (2nd Term) 26.6000
2000-07-01 Rawlings (2nd Term) 22.1000
2000-06-01 Rawlings (2nd Term) 19.8000

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