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<\/p>\nGhana\u2019s month-on-month inflation posted its sharpest rebound of the year in September 2025, rising 0.9% after contracting by 1.3% in August. The 2.2 percentage point swing was the largest movement in the rate of change in prices recorded so far this year.<\/p>\n
Data from the Ghana Statistical Service show that monthly inflation has followed a zig-zag path in 2025 rather than a smooth decline. Rates rose by 1.7% in January and 1.3% in February, then slowed to 0.2% in March.\u00a0<\/p>\n
After moderate increases in April and May, inflation slipped into negative territory in June at -1.2%. That contraction was followed by a 0.7% rise in July, before another fall in August and the sharp rebound in September.<\/p>\n
The September rate stands out as the largest month-to-month correction, signalling that while inflationary pressures are easing overall, the pace of change remains volatile at the household level.<\/p>\n
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On a year-on-year basis, inflation slowed to 9.4% in September from 11.5% in August, the ninth consecutive drop and the lowest since August 2021. The steady decline from 23.8% in December 2024 represents a 14.4 percentage point fall in less than a year, underscoring a disinflation trend that points to improving macroeconomic stability.\u00a0<\/p>\n
Food inflation eased significantly, helping drag down the national figure, while non-food inflation such as utilities and transport costs proved more persistent.<\/p>\n
Regional figures highlighted wide disparities. Bono East recorded the lowest inflation at 1.2%, while North East surged to 20.1%, underscoring how uneven price changes remain across the country.<\/p>\n
The sharp rebound in September shows that although Ghana is firmly on a downward path in annual inflation, the short-term picture remains unsettled.\u00a0<\/p>\n