Ghana’s inflation rate plunged to 3.8% in January 2026, the 13th straight monthly drop and the lowest since the 2021 price rebasing, per the latest Consumer Price Index (CPI) data. This follows December 2025’s 5.4% rate.
The CPI climbed to 262.3 in January 2026 from 252.6 a year earlier, yielding the 3.8% year-on-year figure. That’s a sharp 19.7-point fall from January 2025’s 23.5% and a 1.6-point dip from December. Month-on-month, inflation ticked up just 0.2%, showing modest price growth.
Food and Non-Food Prices Cool
Food inflation eased to 3.9% year-on-year from 4.9% in December, matching non-food inflation at 3.9% (down from 5.8%). Non-food saw a 0.4% monthly rise, while goods inflation slowed to 3.6% and services to 4.0% (from 4.5%), with services up 0.3% monthly.
Local Goods Outpace Imports
Locally produced items drove disinflation hardest, dropping to 2.0% versus 4.3% for imports, and underscoring ongoing import cost strains.
Regional Gaps Linger
Nationwide progress masks divide: North East hit 11.2%, highest, while Savannah logged 2.6%, lowest. Officials blame supply issues, transport, and market access.
Analysts view the trend as a sign of macroeconomic gains, promising relief for households and firms ahead.
Story by: Mercy Addai Turkson #ahotoronline.com