Ghana’s inflation rate decreased to 23.1% in February 2025, down from 23.5% in January, influenced by a drop in food inflation. Food inflation fell from 28.3% to 28.1%, while non-food inflation decreased from 19.2% to 18.8%. The Upper West Region had the highest food inflation at 49.8%.
In February 2025, Ghana’s inflation rate experienced a slight decrease, dropping to 23.1% from January’s rate of 23.5%. This reduction is largely attributed to a 1.8% decline in food inflation.
Key highlights of this report include food inflation decreasing to 28.1% from 28.3% the previous month, while non-food inflation dropped from 19.2% to 18.8%. The Upper West Region recorded the highest food inflation at 49.8%, followed closely by the Savannah Region at 48.6%.
The Government Statistician, Prof. Samuel Kobina Annim, noted that food inflation has consistently declined over the past four months, totaling a reduction of 2.0 percentage points from November 2024 to February 2025. Nonetheless, the current inflation rate remains the third highest observed in the last ten months.
Significant price increases have been seen across several food categories, with ready-made food and other products rising by 45.5%, cereals and related products by 38.6%, fish and seafood by 26.5%, and vegetables, tubers, and pulses by 28.1%. Despite the fall in non-food inflation to 18.8%, the Upper West Region also faced high non-food inflation at 24.0%.
In summary, Ghana’s inflation rate improved slightly in February 2025, primarily due to a decrease in food inflation which fell from 28.3% to 28.1%. Despite this positive change, the overall inflation rate at 23.1% remains notably high. Key food categories experienced significant price increases, particularly in the Upper West and Savannah Regions, indicating ongoing economic pressures in these areas.
Original Source: www.ghanaweb.com
