Inflation Ghana 2012
Average inflation: 11.2%
Current Inflation
Inflation is very high at 11.2%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 12.6%. The lowest inflation was in January at 8.7%.
- Highest month
- December: 12.6%
- Lowest month
- January: 8.7%
- Difference
- 3.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 7.9%. The lowest price increase was in Food with an average of 4.5%.
- Highest increase
- Energy: 7.9%
- Lowest increase
- Food: 4.5%
Historical Context
Current inflation is 2.1% lower than the 5-year average of 13.3%.
- 5-year average
- 13.3%
- 10-year average
- 15.2%
- All-time high (2001)
- 43.5%
- All-time low (1999)
- 5%
Trend
Inflation has remained relatively stable. Compared to 2011, the difference is minimal (+2.5 percentage point).
- Change vs. previous year
- +2.5 percentage points
- Largest monthly swing
- December: +4.0 percentage points
ECB Target
Inflation is 9.2% 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 €111.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2012
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2011 |
|---|---|---|
| January | 8.7% | -0.4 |
| February | 9.3% | +0.1 |
| March | 10.1% | +1.0 |
| April | 10.7% | +1.7 |
| May | 11.4% | +2.5 |
| June | 11.9% | +3.3 |
| July | 12.0% | +3.6 |
| August | 11.7% | +3.3 |
| September | 11.5% | +3.1 |
| October | 11.8% | +3.2 |
| November | 12.4% | +3.9 |
| December | 12.6% | +4.0 |
| Average | 11.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.