Inflation for the month of May 2025 has dropped significantly to 18.4 percent year-on-year, down from the 21.2 percent recorded in April.
The Ghana Statistical Service (GSS) attributed the sharp drop to a reduction in transportation fares and a decline in non-food inflation.
This marks the fifth consecutive reduction in inflation for 2025, signalling a consistent decline in the rate at which prices are increasing. It is also the lowest inflation rate recorded since February 2022.
The Government Statistician, Dr. Alhassan Iddrisu, explained that the fall in fuel prices at the pumps, along with the subsequent reduction in transport fares, contributed the most to the May inflation figure.
At the regional level, Dr. Iddrisu noted that the Upper West Region recorded the highest inflation rate at 38.1 percent, while the Ahafo Region recorded the lowest at 14.5 percent.