Food Inflation Decline Leads to 0.4% Drop in Headline Inflation; Now at 23.1% in February
Ghana’s inflation rate for February 2025 has declined slightly to 23.1% from the 23.5% recorded in January, driven mainly by a reduction in food inflation.
Government Statistician, Prof. Samuel Kobina Annim, announcing the new inflation rate, attributed the decline to a consistent drop in food inflation over the past four months.
“In the last four months, you’ve seen a consistent decline in food inflation on a month-on-month basis, declining by 2.0 percentage points between November 2024 and February 2025,” Prof. Annim noted.
Despite the decline, he pointed out that the February annual inflation rate was still the third-highest recorded in the last 10 months.
Food and Non-Food Inflation Trends
Food inflation for February stood at 28.1%, down from 28.3% in January, marking a month-on-month drop of 1.8%.
However, some food items still recorded price increases, including:
- Vegetables, tubers, cooking bananas, and pulses (28.1%)
- Ready-made food and other food products (45.5%)
- Cereals and cereal products (38.6%)
- Fish and seafood (26.5%)
Non-food inflation also declined, registering 18.8% in February compared to 19.2% in January, reflecting a month-on-month decrease of 0.9%.
Regional Inflation Figures
Regionally, the Upper West Region recorded the highest food inflation at 49.8% and the second-highest non-food inflation at 24.0%.
The Savannah Region followed closely with a food inflation rate of 48.6% in February.
The marginal drop in inflation signals a potential easing of price pressures, although concerns remain over the persistent high cost of food items.
