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A major contributor to this decline was the slowdown in food inflation. Food and non-alcoholic beverages, which make up 42.7% of the CPI basket, experienced a year-on-year inflation rate of 2.4% in February 2026, down from 3.9% in January. Month-on-month, food inflation slowed to 0.2% from 1.1% in January, signaling reduced pressure on food prices.
In contrast, non-food inflation, which accounts for 57.3% of the basket, slightly increased to 4.0% in February from 3.8% in January. On a monthly basis, non-food inflation rose to 1.2%, reversing the -0.5% recorded in January.
The data also revealed a notable drop in inflation for imported goods, which fell to 0.6% in February 2026 from 2.0% in January. On a month-on-month basis, imported goods recorded -0.02% inflation, indicating relative price stability. Locally produced items, however, saw a small increase in inflation, rising to 4.5% year-on-year, compared to 4.4% in January, with a month-on-month inflation rate of 1.2%.
Inflation for goods decreased to 3.2% in February from 3.7% in January, while services inflation eased to 3.7% from 4.2% over the same period. Monthly, goods inflation rose to 0.94%, compared to 0.03% in January, while services inflation slowed to 0.3% from 0.5%.
Regionally, the Savannah Region recorded the lowest inflation rate at -2.6%, indicating a drop in prices, while the North East Region posted the highest rate at 8.9%.
The significant drop from 23.1% in February 2025 to 3.3% in February 2026 reflects a sharp easing of price pressures, signaling improvements in Ghana’s macroeconomic stability.
Story:EfuaNessa
Source: Loco tv