Ghana inflation rate for February 2025 slows down by 0.4% to 23.1%

Ghana inflation price for February 2025 slows down by 0.4% to 23.1%

The inflation price for Ghana for the month of February 2025 slows down by 0.4 proportion factors to file 23.1 per cent year-on-year, in accordance with a press launch from the Ghana Statistical Service (GSS) copied to Ghana Enterprise Information.

The speed for the month of January was 23.5 per cent.

The discharge signifies that year-on-year price of inflation additional slows down by 0.4 proportion factors and month-on-month additionally additional decreases by 0.4 proportion factors in February 2025.

“Each year-on-year and month-on-month file disinflation for the second consecutive month in 2025, although marginally. Regardless of the additional decelerate within the price of inflation in February 2025 (23.1%), it’s the third highest within the final ten months because it ranges up with the speed in Might 2024,” it added.

It notes that the general month-on-month inflation additionally data a 3rd consecutive month of a decline by halving the speed of inflation recorded in November 2024, which was 2.6 per cent.

In accordance with the discharge, three divisions [Food and non-alcoholic beverages (28.1%); Alcoholic beverages, tobacco and narcotics (25.6%); and housing, water, electricity, gas and other fuels (24.3%)] recorded year-on-year charges of inflation greater than the general inflation (23.1%).

“Just one division; meals and non-alcoholic drinks (1.8%) recorded month-on-month inflation price greater than the general price (1.3%),” it stated.

Greens, tubers and plantains have been the principle drivers of each annual (4.3 proportion factors of the general annual meals inflation of 28.1%) and month-to-month meals inflation (0.2 proportion factors of the general month-to-month meals inflation of 1.3%)

Annual inflation charges for greens, tubers and plantains of 45.5 per cent retains its dominance as the driving force of meals inflation.

The GSS explains that the distinction between meals (28.1%) and non-food inflation (18.8%) was 9.3 proportion factors, including that each year-on-year and month-on-month meals inflation improve in February 2025 by 0.2 and 0.4 proportion factors respectively. 

“Month-on-month meals inflation (1.8%) is greater than non-food inflation (0.9%) by 0.7 proportion factors. The distinction between inflation for regionally produced gadgets (25.1%) and imported gadgets (18.5%) is 6.6 proportion factors,” it stated.

Nonetheless, it states that year-on-year meals inflation decreases for the primary time within the final 5 months although marginally, and year-on-year non-food inflation slows down for the fifth consecutive month although marginally.

By Emmanuel K Dogbevi

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