Inflation Eases to 23.5% in January 2025
Inflation rate for January 2025 declined marginally to 23.5%, down from 23.8% recorded in December 2024, according to the latest data released by the Ghana Statistical Service (GSS).
Despite the slight overall decline, food inflation continued its upward trend, rising to 28.3% in January from 27.8% in December. In contrast, non-food inflation dropped to 19.2% in the same period.
Inflation for locally produced items also saw a decline, falling to 25.7% in January from 26.4% in December. However, inflation for imported items edged up slightly to 18.4% from 17.9% in the previous month.
Among the key inflationary drivers, alcoholic beverages, tobacco, and narcotics recorded an inflation rate of 27.2%, while food and non-alcoholic beverages maintained a high inflation rate of 28.3%.
Inflation for housing, water, electricity, gas, and other fuels stood at 24.6%, surpassing the national inflation rate.
Regionally, the Western Region recorded the highest inflation rate of 49.9%, while the Volta Region registered the lowest inflation rate at 18.0%.
The latest inflation data by the GSS highlights persistent price pressures in key sectors, particularly in food and imported goods, despite an overall slowdown in headline inflation.
