By Juliet ETEFE ([email protected])
The year-on-year inflation rate for March 2025 eased slightly to 22.4 percent, down from 23.1 percent recorded in February 2025, according to the latest Consumer Price Index (CPI) report released by the Ghana Statistical Service (GSS).
This marginal decline indicates a slight moderation in the pace of price increases across goods and services.
This means, on a month-on-month basis, inflation between February and March 2025 was 0.2 percent – a significant drop from the 1.3 percent recorded in the previous month.
A breakdown of the inflation figures shows that food inflation, which has been a major driver of consumer price increases in recent months, recorded a rate of 26.5 percent in March 2025.
This represents a notable decrease from the 28.1 percent in February 2025.
Non-food inflation stood at 18.8 percent, declining from 18.7 percent in February 2025.
Regional
The inflation rate varied across the country’s 16 regions, with Upper West Region recording the highest inflation rate at 36.2 percent.
On the other hand, Volta Region had the lowest inflation rate at 18.9 percent; indicating a significant variation in the cost of living across regions.
Local and imported
Inflation on locally produced items remained higher than that of imported goods. The data show that inflation on locally produced goods stood at 25.1 percent in March 2025 while inflation on imported goods was 18.5 percent.
This trend suggests that external price pressures, such as exchange rate fluctuations and global supply chain challenges, had a relatively lesser impact on inflation compared to domestic factors.
For the sub-divisions, Food and Non-Alcoholic Beverages recorded an inflation rate of 26.5 percent while Housing, Water, Electricity, Gas and Other Fuels recorded an inflation rate of 25.1 percent.
