For the first time since December 2024, consumer price inflation has seen a remarkable drop from the last recorded rate of 18.4% in May 2025 to 13.7% in June ahead of the government’s end year target of 11%. According to the Ghana Statistical Service, the food and non-alcoholic beverages division earned the top spot of the main contributors to the sharp decline in inflation for the month June posting a rate of 16.3% which is a -6.5 percentage point drop in the previous month’s year-on-year figure of 22.8%. This downward trend was seen in the restaurants and accommodation services as well as education services division which recorded 16% and 6% inflation in June dropping from 10.4% and 6.3% respectively.

While the inflation of Housing, water, electricity, gas and other fuels; recreation, sport and culture; and insurance and financial services remain high above the national average, each sector saw a marginal reduction in June signaling a slow but steady easing of pressure in those sectors. However, with the recent 2.45% upward adjustment of electricity tariff by the Public Utilities Regulatory Commission, it remains to be seen how the utilities sector would drive the next CPI result. The transportation subsector was the least contributor to the June inflation although higher than the May figure by -11.5 percentage points year-on-year.

In the regional breakdown, the GSS observed that Greater Accra led as the top contributor to inflation followed by Ashanti, Eastern, Western and Central. The Upper West Region topped the regional table as having the highest food and non-food inflation across the country with Bono East recording the lowest rate for food inflation while Eastern Region posting lowest rate for non-food inflation. The statistical service therefore noted in its recommendations that government should continue to invest in transport infrastructure, irrigation, food storage and market linkages particularly in the North in order to drive down food inflation sustainably; tailor social protection and economic policy by expanding its targeted LEAP support NHIS outreach, school feeding programmes and undertake price monitoring in high-inflation areas to ensure equity in response.

“With food inflation still contributing 7 ppts to the 13.7% headline rate, households should lean into bulk purchases of staples, buy local produce where possible, and favour in-season vegetables, cereals, and proteins, which are experiencing sharper price drops.”

“With electricity, refuse disposal, and rent being among the biggest drivers of inflation, households should explore energy-saving practices,” the GSS stated