Inflation for February 2025 marginally decreased to 23.1%, down from the 23.5% recorded in January.
The Ghana Statistical Service (GSS) attributed this decline to a 1.8% reduction in food inflation.
In February 2025, inflation for food and non-alcoholic beverages stood at 28.1%.
Alcoholic beverages, tobacco, and narcotics recorded an inflation rate of 25.6%, while housing, water, electricity, gas, and other fuels saw an inflation rate of 24.3%.
Inflation for clothing and footwear fell below 23.1%, standing at 19.2%, while transport recorded 17.9%.
Personal care, social protection, and miscellaneous goods and services stood at 17.1%.
Information and communication, however, had the lowest inflation rate at 10.8%.
Addressing journalists on March 5, 2025, Government Statistician Professor Samuel Kobina Annim stated that the continued decline in food inflation would impact the overall inflation rate.
For the third consecutive month, the share of food and non-alcoholic beverages remained more than half (53.6%) of the total inflation.
Four divisions- Food and Non-Alcoholic Beverages, Housing, Water, Electricity, Gas and Other Fuels, Transport, and Clothing and Footwear accounted for exactly four-fifths (80.0%) of annual inflation in January 2025.
“Over the past four months, there has been a consistent decline in food inflation on a month-on-month basis, decreasing by 2.0 percentage points between November 2024 and February 2025,” Professor Annim noted.
Source: www.ghanaweb.com
