Ghana’s year-on-year inflation has continued its downward trend, falling to 12.1% in July 2025 from 13.7% in June. This marks the seventh consecutive decline and the lowest inflation rate recorded since October 2021.
The figures were presented by Government Statistician, Dr. Alhassan Iddrisu, at a media briefing on the latest Consumer Price Index (CPI).
On a month-on-month basis, prices rose by 0.7% between June and July 2025.
Food inflation dropped significantly to 15.1%, down by 12 percentage points from the previous year. However, food prices rose slightly by 0.6% compared to June. Non-food inflation also saw a sharp fall to 9.5%, though prices for non-food items went up by 0.7% month-on-month.
Goods inflation recorded a year-on-year drop to 14.2%, with monthly prices increasing by 0.5%. Services inflation also declined to 6.2% year-on-year but saw the highest monthly jump of 1.3%.
Inflation for locally produced goods and services stood at 12.9%, compared to 10.0% for imported items. Both categories are on a downward trend, but imported inflation is falling faster—by 2.5 percentage points compared to 1.1 for local items. Meanwhile, prices of locally produced goods rose by 0.9%, while imported goods increased by just 0.1%.
Regionally, the Upper West Region recorded the highest inflation rate at 24.8%, though it showed a notable drop from 32.3% in June. The Central Region reported the lowest inflation at 7.7%.
By Bawa Musah
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