Ghana’s year-on-year inflation rate rose slightly to 3.7% in May 2026, up from 3.4% in April, according to the latest Consumer Price Index (CPI) and Inflation Report released by the Ghana Statistical Service (GSS).
Despite the increase, inflation remains significantly lower than the 18.4% recorded in May 2025.
Speaking after the release of the report on Wednesday, June 3, Government Statistician Dr Alhassan Iddrisu stressed the importance of inflation data in helping people make informed decisions.
“Whether you are a household managing a budget, a business planning ahead, a researcher tracking trends, or a policymaker shaping the decisions that affect millions, this data is for you,” he said.
“Understanding where prices are moving is not just a statistical exercise. It is a tool for smarter choices, better planning, and more informed policy.”
The report showed that food inflation increased to 3.3% in May from 2.2% in April. Food prices rose by 2.0% between April and May.
Non-food inflation, however, eased slightly to 4.1% from 4.2% in April. Non-food prices still increased by 0.4% on a month-on-month basis.
Services inflation rose to 9.9% in May from 9.6% in April, while prices in the sector increased by 0.9% during the month.
Goods inflation also increased to 1.4% from 1.1%. According to the GSS, this remains a concern because goods account for nearly three-quarters of the CPI basket.
Inflation for locally produced items rose to 5.0% from 4.7%, while imported inflation increased to 0.9% from 0.5%.
Dr Iddrisu urged the government to maintain fiscal discipline and invest in food systems, particularly storage, irrigation and transportation infrastructure.
He also called for measures to improve market access across regions.
The Government Statistician encouraged businesses to improve efficiency, strengthen local supply chains and reduce avoidable costs.
He advised households to monitor spending carefully, focus on essential needs and build savings whenever possible.
The report showed significant differences in inflation rates across the country.
The North East Region recorded the highest inflation rate at 10.1%, while the Savannah Region recorded the lowest rate at -3.0%.
According to the GSS, factors such as local supply conditions, transport costs and market access may be driving the regional disparities.
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