The year-on-year Inflation for July 2025 slowed down to 12.1% from the 13.7% recorded in July 2025.

This is the seventh consecutive decline this year and the lowest since October 2021.

According to the data by the Ghana Statistical Service 4, 2025, the decline was influenced by a significant slowdown in the general price levels of foodstuffs and other items

The Government Statistician, Dr. Alhassan Iddrisu, noted that the development shows that the pressures driving inflation over the past months are declining.

On a month-on-month basis, the general price level increased by 0.7% between June and July 2025.

However, food inflation declined by 1.2 percentage point to 15.1% in July 2025, and prices of food items increased by 0.6% between June and July 2025.

Also, Non-food inflation dropped by 1.9 percentage points to 9.5%, but price level of non-food items increased by 0.7% between June and July 2025.

Goods inflation dropped by 1.0 percentage point to 14.2% in July 2025. The prices of goods, however, increased by 0.5% between June and July 2025.

Similarly, year-on-year Services inflation dropped by 3.1 percentage points to 6.2% with the general price level for Services increasing by 1.3% between June and July 2025.

On the other hand, the year-on-year inflation for locally produced goods and services was 12.9%, still higher than that of imported ones at 10.0%. Although both are declining especially imported items, which dropped by 2.5 percentage points, whilst locally produced items declined by 1.1 percentage points.

The general price level for local items increased by 0.9% between June and July 2025 whilst that for imported items increased by 0.1%.

Regional Inflation

For the regions, the Upper West Region continued to register the highest inflation at a striking 24.8%, though lower than the June inflation of 32.3%.

It is more than double the national average of 12.1%.

The Central Region however recorded the lowest inflation at 7.7%.