Ghana’s inflation rate saw a slight decline in January 2025, dropping to 23.5% from 23.8% recorded in December 2024, according to new data.
However, food inflation continued its upward trend, reaching 28.3% in January, compared to 27.8% in December.
In contrast, non-food inflation saw a decline, dropping to 19.2% in January 2025. Similarly, inflation for locally produced items decreased to 25.7%, down from 26.4% the previous month.
On the other hand, inflation for imported goods edged up slightly to 18.4%, compared to 17.9% in December 2024.
Among key expenditure categories, alcoholic beverages, tobacco, and narcotics recorded an inflation rate of 27.2%, while food and non-alcoholic beverages matched the food inflation rate at 28.3%.
Inflation in housing, water, electricity, gas, and other fuels stood at 24.6%, all surpassing the national average.
Regional Inflation Breakdown
The Western Region recorded the highest inflation rate at 49.9%, while the Volta Region registered the lowest at 18.0%.
Despite the marginal national decline, rising food inflation and regional disparities remain key concerns for policymakers and consumers.
