Ghana’s year-on-year inflation rate rose to 5.3 per cent in June 2026, up from 3.7 per cent in May, according to the Ghana Statistical Service (GSS). The 1.6 percentage point increase was largely driven by higher non-food prices.
Despite the monthly rise, inflation remained well below the 13.7 per cent recorded in June 2025, indicating that overall price pressures have eased considerably compared with the same period last year.
Data released by the GSS on Wednesday, July 1, 2026, showed that the Consumer Price Index (CPI) increased to 270.8 in June 2026 from 257.3 in June 2025.
On a month-on-month basis, however, inflation slowed to 0.2 per cent, down from 1.1 per cent in May, suggesting that although prices continued to increase, the pace of growth moderated.
Non-food inflation drives increase
Non-food inflation remained the main driver of headline inflation, rising to 6.3 per cent in June from 4.1 per cent in May and accounting for 68.5 per cent of overall inflation.
Within the non-food category, transport fares made the largest contribution to headline inflation at 10.5 per cent, followed by rents (8.4 per cent) and secondary school fees (7.2 per cent). Accommodation services, including hotels, contributed 4.0 per cent.
The increase was largely underpinned by services inflation, which stood at 9.4 per cent, reflecting sustained price pressures across the services sector.
Food inflation also edged higher, increasing to 3.9 per cent in June from 3.3 per cent in May.
Local goods remain key contributor
The GSS data further showed that inflation for locally produced items rose to 6.7 per cent from 5.0 per cent in May, accounting for 86.6 per cent of headline inflation.
Inflation for imported goods also increased, rising to 2.3 per cent from 0.9 per cent over the same period.
Services continued to record stronger price growth than goods. Although services inflation eased marginally to 9.4 per cent from 9.9 per cent in May, it remained substantially higher than goods inflation.
Goods inflation, meanwhile, accelerated sharply to 3.7 per cent, compared with 1.4 per cent in the previous month.
Regional outlook
At the regional level, the North East Region recorded the highest year-on-year inflation rate in June at 10.2 per cent.
In contrast, the Bono East Region posted the lowest inflation rate at -4.4 per cent, indicating an overall decline in average prices during the period.
