Ghana’s annual consumer inflation increased to 5.2 per cent in September from 5.0 per cent in August. Food inflation accelerated while non-food inflation eased, and prices rose over the month after August’s decline. Services remained more expensive than a year earlier at a faster pace than goods, with housing and utilities carrying the highest annual increase among spending divisions.
Ghana’s annual consumer inflation increased to 5.2 per cent in September from 5.0 per cent in August, in the statistical service’s latest release. The rate was still below September 2025’s 9.4 per cent. Prices rose 1.1 per cent over the month, reversing August’s 1 per cent monthly decline.[1], [2]
Food inflation rose from 3 per cent in August to 4 per cent in September. Food prices increased 1.5 per cent over the month after August’s 2.6 per cent decline. Non-food annual inflation eased from 6.8 per cent to 6.2 per cent. The statistical service put food’s share of overall inflation at approximately 37 per cent and non-food items’ share at about 63 per cent.[1]
Goods inflation rose from 3.8 per cent to 4.2 per cent, while services inflation eased from 8.6 per cent to 8.3 per cent. Service prices also increased 0.8 per cent monthly, compared with 0.4 per cent in August. The housing, water, electricity, gas and other fuels division had the highest annual inflation among spending groups, at 10.3 per cent, down from 11.6 per cent. Its contribution to overall inflation was approximately 26 per cent.[1]
