Year-on-year inflation rate eased further to 3.3 percent in February 2026, marking the 14th consecutive monthly decline and the lowest level recorded since the 2021 CPI rebasing, the Ghana Statistical Service has announced.
The rate represents a 0.5 percentage-point drop from the 3.8 percent recorded in January 2026 and a sharp decline from 23.1 percent in February 2025.
Government Statistician Dr. Alhassan Iddrisu said the steady moderation reflects easing price pressures, with inflation now “lower, narrower and more stable” compared to a year earlier.
Month-on-month inflation stood at 0.8 percent in February.
Food inflation fell significantly to 2.4 percent from 3.9 percent in January, supported by declines in vegetables , cereals and others. However, non-food inflation edged up to 4 percent from 3.8 percent.
Imported inflation dropped sharply to 0.6 percent from 2 percent, while locally produced items recorded 4.5 percent inflation, underscoring improved exchange rate stability and moderating global prices.
Regionally, disparities persist. The Northeast Region recorded the highest inflation rate at 8.9 percent, while the Savannah Region posted deflation of 5.6 percent. Greater Accra contributed the largest share to national inflation due to its weight in the CPI basket.
Housing, water, electricity and other fuels remained the largest driver of inflation, followed by food and education services. Transportation exerted downward pressure on prices.
Dr. Iddrisu stressed the need for continued fiscal discipline and targeted supply-side interventions to sustain the disinflation trend.