Ghana’s year-on-year inflation rate increased to 4.6 percent in July 2026, up from 4.3 percent in June, according to the latest Consumer Price Index (CPI) Bulletin released by the Ghana Statistical Service (GSS).
The report said the July inflation rate represents the percentage change in the prices of goods and services over the 12-month period from July 2025 to July 2026. On a month-on-month basis, inflation rose by 0.1 percent.
The GSS attributed the overall inflation rate to price increases across both food and non-food items, with the non-food category recording a higher year-on-year inflation rate of 6.1 percent, compared with 3.1 percent for food and non-alcoholic beverages.
Regional data showed significant variations in inflation across the country. The North East Region recorded the highest year-on-year inflation rate of 10.8 percent, while the Bono East Region registered the lowest rate at -3.8 percent. According to the GSS, six regions recorded inflation rates above the national average of 4.6 percent.
The Consumer Price Index measures changes over time in the general price level of goods and services purchased by households for consumption, using 2021 as the base year with an index value of 100.
The July figures indicate that inflation remains relatively moderate compared with the double-digit rates recorded a year earlier. The annual inflation trend declined steadily from 12.1 percent in July 2025 before rising from 3.7 percent in May 2026 to 5.3 percent in June, and easing slightly to 4.6 percent in July 2026.
The Ghana Statistical Service publishes the monthly CPI bulletin to track changes in consumer prices and provide key indicators for economic planning, monetary policy and business decision-making. The July 2026 bulletin was released on August 5, 2026.
Source: www.kumasimail.com
