March 2025 inflation declines slightly to 22.4%

Year-on-year inflation for March 2025 slowed down to 22.4% from the 23.1% recorded in February 2025.

This was influenced by a reduction in food and non-food inflation.

Overall, the food inflation rate for March 2025 was estimated at 26.5%, down from 28.1% in February 2025.

Non-food inflation rate also continued to decline, but marginally this time, from 18.8% in February to 18.7%.

However, Inflation for locally produced items reduced to 24.0% from 25.1%.

In contrast, the inflation rate for imported items increased to 18.7% in March 2025 from 18.5% in February 2025.

For the sub-divisions, Food and Non-Alcoholic Beverages recorded an inflation rate of 26.5%, while Housing, Water, Electricity, Gas and Other Fuels recorded an inflation rate of 25.1%

These subdivisions recorded a higher inflation compared to the national inflation rate.

On a regional basis, the Upper West region recorded the highest inflation rate of 36.2%.

The Volta region, however, recorded the lowest regional inflation rate of 18.9%.

Source: myjoyonline.com