Inflation Drops To 3.3% In February

Dr. Alhassan Iddrisu, Government Statistician

 

The Ghana Statistical Service has announced that Ghana’s year-on-year inflation rate dropped to 3.3% from 3.8% in February 2026.

Year-on-year inflation rate also declined from 3.8% in January to 3.3%                           in February marking the lowest level recorded since 2021 rebasing of the consumer price Index (CPI).

Data released by the Ghana Statistical Service (GSS), indicates that consumer price Index (CPI), for February 2026 increased from 255.9 to 264.4 in February, 2025 showing an increase in the general price level over the 12 month period.

On a month-on-month basis, the Ghana Statistical Service data showed that inflation was 0.8% in February 2026, indicating that prices increased marginally between January and February this year.

The February inflation rate represents a 0.5 percentage point drop from the 3.8% recorded in January 2026, and a sharp 19.8 percentage point decline from the 23.1% recorded in February 2025.

The steady downward trend signals improving price stability and strengthens expectations of sustained macroeconomic recovery.

On Food and non-alcoholic beverages, inflation slowed significantly to 2.4% in February 2026, a reduction from 3.9% in January while Non-food inflation, however, increased to 4.0% from 3.8% the previous month.

In terms of origin, locally produced items recorded inflation of 4.5%, slightly down from 4.6% in January while imported items sharply slowdown with inflation falling to 0.6% from 2.0% in January.

Inflation for goods declined from 3.7% in January to 3.2% in February as Services inflation also fell to 3.7% from 4.2% over the same period.

At the regional level, the Savannah Region recorded the lowest year-on-year inflation rate of negative 5.6%, while the North East Region recorded the highest at 8.9%.

According to the Ghana Statistical Service (GSS), the sustained decline in inflation indicates that price pressures are easing across most sectors of the economy.

This trend points to improving macroeconomic stability, as the country continues to move away from the high-inflation conditions experienced in 2025.

By Ebenezer K. Amponsah

 

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