By Juliet ETEFE ([email protected])
The inflation rate keeps declining, as indicated by the Consumer Price Index (CPI) report for April 2025, which shows a year-over-year (y-o-y) inflation rate of 21.2 percent.
This represents a decrease of 1.2 percentage points from the 22.4 percent noted in March 2025, marking five successive months of declining inflation as reported by the Ghana Statistical Service (GSS).
The Consumer Price Index (CPI), reflecting alterations in the typical cost of a consistent set of products and services bought by families, indicates that the month-over-month (m-o-m) inflation rate was 0.8% for April compared to 0.2% in March.
This indicates increased pricing pressure within specific sectors; nonetheless, although the overall pattern points towards decreasing inflation, the rise observed on a month-to-month basis necessitates careful optimism and continuous observation.
At a press conference, Government Statistician Dr. Alhassar Iddrisu shared the statistics, pointing out that both food inflation and non-food inflation played significant roles in shaping these numbers.
Significantly, food inflation in April stood at 25.0 percent (year-over-year), which is a slight decrease from 26.5 percent in March. Meanwhile, non-food inflation decreased only slightly to 17.9 percent from 18.7 percent.
Regional
In terms of regional variation, the Upper West Region experienced the highest inflation rate at 37.1 percent, whereas the Volta Region had the lowest at 18.3 percent.
This discrepancy highlights the differing inflationary pressures throughout the nation’s various regions, typically fueled by localized fluctuations in food and transportation sectors.
Imported and local items
Imported items saw year-on-year inflation of 18.7 percent\xa0 in March, compared to 24.0\xa0 percent for locally produced goods
These statistics underscore persistent challenges in the home production sector, notably in agriculture — an area that keeps shaping food cost developments.
Recommendation
The recommendations from the GSS highlight cautious household expenditure, tactical corporate pricing strategies, and strong governmental measures.
The service encourages the government to maintain efforts towards macroeconomic stability and accelerate programs like the Agriculture for Transformation initiative to reduce food inflation.
It is suggested that improving public education about inflation processes could assist families in making well-informed economic choices.
Although the decline in yearly inflation provides some comfort, the GSS emphasizes the importance of staying alert – especially considering the recent increase from month to month.
This fosters ongoing cooperation among government entities, private businesses, and consumers to solidify achievements and enhance economic stability.
Provided by Syndigate Media Inc. (
Syndigate.info
).
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