Ghana Inflation rises to 5.3% in June as Non-Food prices drive uptick – GSS

Ghana’s year-on-year inflation rate increased to 5.3% in June 2026, up from 3.7% in May, representing a 1.6 percentage point rise, largely driven by higher non-food prices, according to the Ghana Statistical Service (GSS).

Despite the month-on-month increase, inflation remains significantly lower than the 13.7% recorded in June 2025, indicating a continued easing of price pressures compared to the same period last year.

The GSS data showed that the Consumer Price Index (CPI) rose to 270.8 in June, up from 257.3 a year earlier. On a monthly basis, inflation slowed to 0.2%, down from 1.1% in May, suggesting that price increases continued but at a reduced pace.

Non-food inflation was the main driver of overall price growth, rising to 6.3% from 4.1% in May and contributing 68.5% of total inflation.

Food inflation also increased slightly to 3.9%, up from 3.3% the previous month.

The report further showed that locally produced goods recorded a year-on-year inflation rate of 6.7%, up from 5.0%, accounting for 86.6% of headline inflation. Imported goods inflation also rose to 2.3% from 0.9%.

In terms of categories, services continued to experience stronger price growth than goods. Services inflation stood at 9.4%, although it eased slightly from 9.9% in May, while goods inflation rose sharply to 3.7% from 1.4%.

Regionally, the North East Region recorded the highest inflation rate at 10.2%, while the Bono East Region registered the lowest at -4.4%, indicating a general decline in prices in that area.

Overall, the data suggests that while inflation has edged upward after months of moderation, Ghana still maintains relatively lower price levels compared to the same period last year.

Economists are expected to monitor whether the June increase signals a sustained upward trend in inflation or a temporary adjustment driven mainly by non-food price movements.