Inflation Ghana 2011
Average inflation: 8.7%
Current Inflation
Inflation is very high at 8.7%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 9.2%. The lowest inflation was in July at 8.4%.
- Highest month
- February: 9.2%
- Lowest month
- July: 8.4%
- Difference
- 0.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 10.9%. The lowest price increase was in Food with an average of 4.0%.
- Highest increase
- Energy: 10.9%
- Lowest increase
- Food: 4.0%
Historical Context
Current inflation is 4.5% lower than the 5-year average of 13.2%.
- 5-year average
- 13.2%
- 10-year average
- 15.1%
- All-time high (2001)
- 43.5%
- All-time low (1999)
- 5%
Trend
Inflation shows a downward trend. Compared to 2010, inflation has fallen by +2.1 percentage point.
- Change vs. previous year
- -2.1 percentage points
- Largest monthly swing
- January: -5.7 percentage points
ECB Target
Inflation is 6.7% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €108.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2011
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2010 |
|---|---|---|
| January | 9.1% | -5.7 |
| February | 9.2% | -5.0 |
| March | 9.1% | -4.2 |
| April | 9.0% | -2.7 |
| May | 8.9% | -1.8 |
| June | 8.6% | -0.9 |
| July | 8.4% | -1.1 |
| August | 8.4% | -1.0 |
| September | 8.4% | -1.0 |
| October | 8.6% | -0.8 |
| November | 8.5% | -0.6 |
| December | 8.6% | 0.0 |
| Average | 8.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.