Inflation eases further, drops to 21.2% in April 2025

The Consumer Price Index (CPI) measures price changes for goods and services. In April, month-on-month inflation was 0.8 percent. This is an increase from 0.2 percent in March.

This indicates renewed price pressures in some areas. However, the overall trend shows easing inflation. The monthly increase suggests cautious optimism and ongoing monitoring.

At a press briefing, Government Statistician Dr. Alhassan Iddrisu presented the data. He noted that both food and non-food inflation contributed to the current figures. Food inflation in April was 25.0 percent year-on-year, down from 26.5 percent in March.

Non-food inflation also decreased slightly to 17.9 percent from 18.7 percent. Regionally, Upper West recorded the highest inflation rate at 37.1 percent. In contrast, Volta Region had the lowest at 18.3 percent.

This disparity highlights different inflationary pressures across regions, driven by local food and transport dynamics.

For imported items, year-on-year inflation was 18.7 percent in March. Locally produced goods saw a higher rate of 24.0 percent.

These figures show ongoing pressures in domestic production, especially agriculture, which affects food prices.

The Ghana Statistical Service (GSS) recommends prudent household spending and strategic business pricing. They urge the government to maintain macroeconomic stability efforts and expedite programs like Agriculture for Transformation to reduce food inflation.

Enhanced public education on inflation dynamics is also suggested to help households make informed decisions.

While annual inflation trends downward, vigilance is necessary due to the monthly rise. Continued collaboration between government, private sector, and consumers is essential for economic stability.