Inflation for May 2025 Drops Sharply to 18.4%

Inflation for the month of May 2025 has dropped significantly to 18.4 percent year-on-year from the 21.2 percent recorded in April this year.

This marks the lowest rate since February 2022.

Government Statistician, Dr. Alhassan Iddrisu, said at a press briefing in Accra that the recent drop in fuel prices at the pumps, which influenced a nationwide adjustment in transport fares played a major role in cooling inflationary pressures in May.

He added that food inflation, though still elevated, continued to ease while services and transport-related costs recorded the steepest drop, providing some relief to household budgets.

Regionally, inflation disparities remain wide.

The Upper West Region posted the highest inflation rate at 38.1%, driven largely by higher food prices and transport costs in the northern belt.

The Ahafo Region, however, recorded the lowest inflation at 14.5%, suggesting more stable price dynamics in that zone.

The latest inflation data is likely to bolster market confidence in the ongoing macroeconomic recovery and support the central bank’s monetary policy stance.

Source: CNR