The country's year-on-year inflation rate dropped further to 11.5 per cent in August 2025 from 12.1 per cent in July, marking the lowest rate in four years and the eighth consecutive month of decline, the Ghana Statistical Service (GSS) has announced.Month-on-month inflation also recorded a decline, easing to 1.3 per cent in August compared to 0.7 per cent in July.The Government Statistician, Dr Alhassan Iddrisu, stated this in Accra yesterday when he released the August 2025 Consumer Price Index (CPI), explaining that the steady drop was largely influenced by the moderation in food prices."Inflation for August 2025 stood at 11.5 per cent.
This means that prices today are 11.5 per cent higher than they were in August 2024.
Most importantly, it is the eighth consecutive month of decline and the lowest inflation since October 2021," he stated.According to Dr Iddrisu, food inflation dropped slightly to 14.8 per cent in August from 15.1 per cent in July, contributing more than half of the overall inflation figure."Food remains the largest driver of inflation.
For some time now, food has consistently accounted for more than half of national inflation.
