GHDatafie blog

Ghana's inflation rose to 5.5 percent in October 2026, GSS figures show

GHDatafie, 9 November 2026

Ghana's headline inflation rate was 5.5 percent in October 2026, according to the Ghana Statistical Service (GSS). That is up from 5.2 percent in September 2026 and down from 8.0 percent in October 2025.

Consumer prices in Ghana were 5.5 percent higher in October 2026 than in October 2025, according to the Ghana Statistical Service (GSS). The figure is headline inflation, year on year, and GSS lists it as final. GHDatafie added it to its records on 4 November 2026.

How October compares

Inflation was 5.2 percent in September 2026. GHDatafie calculated that the October figure is 0.3 percentage points higher than September's. A year earlier, in October 2025, inflation was 8.0 percent, so the October 2026 rate is 2.5 percentage points lower than that, again by GHDatafie's calculation. Compared with last month the rate went up, and compared with a year ago it is down.

The figures shown in the chart above cover the months from July 2023, when inflation stood at 43.1 percent. The rate fell over the following two years and reached 3.2 percent in March 2026, the lowest figure shown. It has risen each month since July 2026, when it was 4.6 percent. You can hover over the chart to see every monthly value.

What the figure means for your money

Inflation measures how fast prices rise on average. GSS calculates it as the change in the national Consumer Price Index (combined) compared with the same month a year earlier, and shows it to one decimal place. The index tracks the prices of goods and services that households buy.

GHDatafie worked out an everyday example. At a yearly rate of 5.5 percent, something that cost GH₵100 in October 2025 costs GH₵105.5 in October 2026, on average. Some items will have risen by more and others by less, since the figure is an average across the whole basket.

A lower inflation rate does not mean prices are falling. When inflation went from 8.0 percent to 5.5 percent between October 2025 and October 2026, prices were still rising, only more slowly than before. A rise in the rate, as between September and October 2026, means prices are climbing a little faster than they were. Prices would only be falling on average if the rate dropped below zero.

How GSS measures it

GSS calculates each figure on the index base in force when it was published. The base was 2012 = 100, and later 2021 = 100. When GSS restates a figure, GHDatafie keeps the change as a revision. All figures here are as published by GSS and may be revised.

Where the figures come from

The figures come from the Ghana Statistical Service (GSS), statsghana.gov.gh, and are compiled by GHDatafie, which is independent of and not endorsed by GSS. You can see the monthly record on the headline inflation series page, find other new figures on the releases page, or browse all series.

Questions people ask

What is Ghana's inflation rate now?

Ghana's headline inflation rate was 5.5 percent in October 2026, according to the Ghana Statistical Service. GSS lists the figure as final.

Did inflation in Ghana go up or down in October 2026?

It went up. Inflation was 5.5 percent in October 2026 compared with 5.2 percent in September 2026, which GHDatafie calculated is 0.3 percentage points higher.

How does Ghana's inflation compare with a year ago?

Inflation was 8.0 percent in October 2025 and 5.5 percent in October 2026, according to GSS. GHDatafie calculated that this is 2.5 percentage points lower.

What does 5.5 percent inflation mean in cedis?

GHDatafie calculated that, at a yearly rate of 5.5 percent, something that cost GH₵100 in October 2025 costs GH₵105.5 in October 2026, on average. Individual prices may have risen by more or less than that.

Does lower inflation mean prices are falling?

No. A lower inflation rate means prices are rising more slowly; they fall on average only when the rate is below zero.

Figures in this article

• CPI inflation, headline, year on year: Source: Ghana Statistical Service (GSS), statsghana.gov.gh. Figures as published by GSS; compiled by GHDatafie, which is independent of and not endorsed by GSS.

Changes and everyday examples are calculated by GHDatafie from the published figures. GHDatafie is independent and is not part of, or endorsed by, the publishers it quotes.