Inflation climbs to 5.3% in June, extending three-month upward trend

Ghana’s inflation rate increased to 5.3 per cent in June, marking the third consecutive monthly rise in consumer prices, according to the latest figures released by the Ghana Statistical Service (GSS).

The latest data show that headline inflation rose from 3.7 per cent in May, driven largely by increases in the cost of non-food items, signalling a renewed pickup in price growth after months of relatively subdued inflation.

Speaking at the release of the Consumer Price Index, Government Statistician Dr Alhassan Iddrisu said food inflation recorded a modest increase from 3.3 per cent in May to 3.9 per cent in June.

Non-food inflation, however, rose more sharply, climbing from 4.1 per cent to 6.3 per cent over the same period, making it the main contributor to the increase in the overall inflation rate.

Despite the month-on-month rise, inflation remains well below the 13.7 per cent recorded in June 2025, suggesting that overall price pressures have eased considerably compared to the same period last year.

The report also indicated that prices of locally produced goods continued to exert the greatest influence on inflation. Inflation for local products increased to 6.7 per cent in June from 5.0 per cent in May and accounted for 86.6 per cent of the headline inflation rate.

Imported goods also recorded higher inflation, rising to 2.3 per cent from 0.9 per cent in the previous month.

Sectoral data showed that inflation remained more pronounced in the services sector, although it eased slightly to 9.4 per cent from 9.9 per cent in May. Inflation for goods, on the other hand, accelerated significantly to 3.7 per cent, up from 1.4 per cent.

Dr Iddrisu attributed the inflationary pressures primarily to rising costs in services, including transport, housing, education, accommodation and other non-food categories, noting that locally produced items continue to account for the bulk of price increases.

Regionally, the North East Region recorded the highest inflation rate at 10.2 per cent, while the Bono East Region posted -4.4 per cent, indicating an overall decline in average prices during the month.

Source: Classfmonline.com/Zita Okwang