Ghana - Consumer Price Index (CPI)

Ghana: Consumer Price Index (CPI)

Mnemonic CPI.IGHA
Unit Index 2021=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 1.73 %
Data Jan 2023 165.6
Dec 2022 162.79

Series Information

Source Ghana Statistical Service (GSS)
Release Price Indices: CPI Coicop Annexes
Frequency Monthly
Start Date 3/31/1963
End Date 1/31/2023

Release Information

For Ghana, the consumer price index (CPI) organized by COICOP.


  • Classification: COICOP
  • Measurement: Fixed-base index relative to 2018 (Index 2018=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date (reported): 2022m9
  • Start date (extended): 1963m3


  • 2018=100 - 2018m8* to 2022m8  ("_18")
  • 2012=100 - 2012m1* to 2019m7 ("_12")
  • 2002=100 - 2003m1 to 2013m11 ("_02")
  • 1997=100 - 1998m1 to 2002m12 ("_97")
  • 1977=100 - 1978m1 to 1997m12 ("_77")
  • 1963=100 - 1970m1 to 1977m12 ("_63")

The CPI measures the change in the general price level of goods and services consumed by households. It is reported monthly in the CPI Statistical Bulletin.

Individual consumption expenditures are classified by United Nation Statistical Division's Classification of Individual Consumption according to Purpose (COICOP). The dataset includes CPI broken down into two major divisional categories:

  • Food and non-alcoholic beverages - COICOP Division 01
  • Non-food - COICOP Divisons 02 to 12

Moody's Analytics supplements

We back-extend the NSA series to 1963m3 using its predecessor(s) and IMF IFS. We construct a seasonally adjusted counterpart using X-13ARIMA-SEATS.

Data is subject to revisions for both:

  • Revisions to previous periods
  • Periodic advance of base year

At the source:

At the IMF (e-GDDS):