Prime News Ghana

Inflation drops for third consecutive month to 22.4% in March 2025

By Vincent Ashitey
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Ghana's annual consumer inflation has slowed for a third straight month to 22.4% in March from 23.1% the previous month.

According to the Ghana Statistical Service (GSS), the decline is attributed to easing food price pressures.

The Government Statistician, Samuel Kobina Annim, described the development as a drop in inflationary pressures, particularly in food prices.

"The rate of 22.4% is the lowest in the last four months," he told a press conference.

"In the month of March 2025, we recorded a much sharper decline in food inflation and a marginal decline in non-food inflation."

Overall, the food inflation rate for March 2025 was estimated at 26.5%, down from 28.1% in February 2025.

Non-food inflation rate also continued to decline, but marginally this time, from 18.8% in February to 18.7%.

However, Inflation for locally produced items reduced to 24.0% from 25.1%.

In contrast, the inflation rate for imported items increased to 18.7% in March 2025 from 18.5% in February 2025.

For the sub-divisions, Food and Non-Alcoholic Beverages recorded an inflation rate of 26.5%, while Housing, Water, Electricity, Gas and Other Fuels recorded an inflation rate of 25.1%

These subdivisions recorded a higher inflation compared to the national inflation rate.

On a regional basis, the Upper West region recorded the highest inflation rate of 36.2%.


The Volta region, however, recorded the lowest regional inflation rate of 18.9%.