The Ghanaian Government Statistician, Dr. Alhassan Iddrisu, has announced that the inflation rate for the month of August eased further to 11.5 per cent.
Presenting the report on Wednesday in Accra, Dr. Iddrisu said that the inflation figure for August 2025 was lower than 12.1 per cent recorded for the month of July.
According to the head of the Ghana Statistical Service (GSS), this figure marks the eighth consecutive month of decline and brings inflation below the government’s end-of-year target of 11.9 per cent.
He noted that the August figure is also the lowest recorded since October 2021, highlighting the progress made in stabilising prices after inflation peaked at nearly 24 per cent in December 2024.
“On the average, prices of goods and services rose by 11.5 per cent between August 2024 and August 2025,” he said, adding that the pressures that had been driving inflation in recent months are clearly easing.
He explained that on Month-on-month, overall prices fell by 1.3 per cent, providing some relief for households after years of rising living costs.
On food inflation, he stated that it has been the biggest driver of consumer prices and that it declined to 14.8 per cent in August from 15.1 per cent in July, with food prices dropping by 2.5 per cent in one month.
He added that Non-food inflation also moderated, slowing to 8.7 per cent from 9.5 per cent over the same period, with a marginal 0.1 per cent fall in non-food prices.
GIK/APA