Inflation for February 2025 has reduced marginally to 23.1 percent from the 23.5 percent recorded in January this year.

This was influenced by a reduction in food inflation by 1.8 percent.

Addressing journalists a while ago, Government Statistician, Prof Samuel Kobina Annim, said constant decline in food inflation will impact the overall figure.

“In the last four months, you’ve seen consistent decline in food inflation on a month on month basis, declining by 2.0 percentage points between November 2024 and February 2025,” Annim said.

He explained that the annual inflation rate in February was the third-highest in the last 10 months, he added.

Overall food inflation for February was 28.1%, down from 28.3% in January, representing a month-on-month drop of 1.8%.

Food items that recorded price increases included vegetables, tubers, cooking bananas, and pulses (28.1%), ready-made food and other food products (45.5%), cereals and cereal products (38.6%), and fish and seafood (26.5%), among others.

Non-food inflation for February stood at 18.8%, down from 19.2%, representing a month-on-month decline of 0.9%.

On a regional basis, the Upper West Region recorded the highest food inflation at 49.8% and the second-highest non-food inflation at 24.0%. This was followed by the Savannah Region, which recorded a food inflation rate of 48.6% in February 2025.

Source: Joy Business