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Inflation Rate for December 2016 is 15.4%
The Consumer Price Index (CPI) measures the change over time in the general price level of goods and services that households acquire for the purpose of consumption, with reference to the price 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 15.4 percent in December 2016, down by 0.1 percentage point from the 15.5 percent recorded in November 2016 (Figure 1). This rate of inflation for December 2016 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from December 2015 to December 2016.
The monthly change rate for December 2016 was 0.9 percent compared to the 0.8 percent recorded in November 2016.
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.