Ghana’s inflation down to 3.8% from 5.4% recorded in December 2025 -GSS
Ghana’s inflation down to 3.8% from 5.4% recorded in December 2025 -GSS
Data from the Ghana Statistical Service (GSS) indicates that the country’s inflation is down to 3.8% as of the end of January 2026 from 5.4% recorded in December 2025.
The 3.8% headline inflation in January 2026 is the lowest level recorded since 2021 and the 13th consecutive monthly decline.
The January 2026 outturn represents a 1.6 percentage point drop from the 5.4% recorded in December 2025, reinforcing growing evidence that prices are rising at a slower pace.
On a year-on-year basis, the slowdown is even more pronounced. Inflation has fallen by 19.7 percentage points compared to the 23.5% recorded in January 2025, underscoring the scale of the ongoing correction after two years of elevated price instability.
Food inflation, a key driver of household cost pressures, also moderated further, declining to 3.9% in January 2026, down from 4.9 per cent in December 2025.
The easing, according to GSS, reflects softer price movements across staples and improved supply conditions.
Non-food inflation followed a similar path, dropping sharply to 3.9% from 5.8% in December 2025, pointing to declining cost pressures in housing, transport, utilities, and other core consumer categories.
Regionally, inflation outcomes were mixed. The Savannah Region recorded the lowest inflation at negative 2.6 percent, indicating outright price declines, while the North East Region posted the highest rate at 11.2 percent, highlighting persistent spatial disparities in price dynamics.
Speaking at a press briefing in Accra, the Government Statistician, Dr. Alhassan Iddrisu, urged the government to continue its fiscal consolidation.
