In 2022, the Consumer Price Index (CPI) in Ghana grew to 441.67 points from 336.49 points in the previous year. Furthermore, the change in the cost of consumer goods and services saw a progressive increase from 108.7 points in 2011 to the 2022 figure, which registers a total growth of 332.97 points. Overall, as of September 2023 in Ghana, the inflation rate stood at 49.3 percent for food and non-alcoholic beverages.
Consumer Price Index (CPI) in Ghana from 2011 to 2022
The source adds the following information: "Consumer price index reflects changes 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. Data are period averages".
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World Bank. (October 26, 2023). Consumer Price Index (CPI) in Ghana from 2011 to 2022 [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/1188587/consumer-price-index-in-ghana/
World Bank. "Consumer Price Index (CPI) in Ghana from 2011 to 2022." Chart. October 26, 2023. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/1188587/consumer-price-index-in-ghana/
World Bank. (2023). Consumer Price Index (CPI) in Ghana from 2011 to 2022. Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/1188587/consumer-price-index-in-ghana/
World Bank. "Consumer Price Index (Cpi) in Ghana from 2011 to 2022." Statista, Statista Inc., 26 Oct 2023, https://www.statista.com/statistics/1188587/consumer-price-index-in-ghana/
World Bank, Consumer Price Index (CPI) in Ghana from 2011 to 2022 Statista, https://www.statista.com/statistics/1188587/consumer-price-index-in-ghana/ (last visited October 30, 2024)
Consumer Price Index (CPI) in Ghana from 2011 to 2022 [Graph], World Bank, October 26, 2023. [Online]. Available: https://www.statista.com/statistics/1188587/consumer-price-index-in-ghana/