Ghana Statistical Service

Inflation Rate for May 2017 is 12.6%The Consumer Price Index (CPI) measures the change over time in the general price level ofgoods and services that households acquire for the purpose of consumption, with reference to theprice level in 2012, the base year, which has an index of 100.The year-on-year inflation rate as measured by the CPI stood at 12.6 percent in May 2017, downby 0.4 percentage point from the 13.0 percent recorded in April 2017 (Figure 1). This rate ofinflation for May 2017 is the percentage change in the Consumer Price Index (CPI) over thetwelve-month period, from May 2016 to May 2017.

The Gross Domestic Product (GDP) is the total value of final goods and services produced in the country during a given period. The estimation of the GDP is done in stages, with estimates generated at each stage being dependent on source data available. The different stages generate estimates which are sequentially designated as projected, provisional, revised or final. It is only the final estimates that are not subject to further changes.

The Producer Price Index (PPI) measures the average change over time in the prices received by domestic producers for the production of their goods and services. The PPI for Ghana reports the price indices with reference to September 2006, the base period.