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January 2025 inflation drops to 23.5%

Source The Ghana Report

Inflation for January 2025 slightly eased to 23.5%, down from 23.8% in December 2024.

Food inflation continued to rise, reaching 28.3% in January, the highest in 10 months, up from 27.8% in December 2024.

However, non-food inflation dropped to 19.2%.

Inflation for locally produced goods also declined to 25.7%, down from 26.4% the previous month.

In contrast, inflation for imported goods slightly increased, rising to 18.4% from 17.9% in December.

Key categories like alcoholic beverages, tobacco, and narcotics recorded a 27.2% inflation rate.

Food and non-alcoholic beverages followed closely with a 28.3% rise, while housing, water, electricity, gas, and other fuels saw an inflation rate of 24.6%.

These sectors experienced higher inflation than the national average.

The Western region recorded the highest inflation at 49.9%, while the Volta region had the lowest at 18.0%.

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