• Victor Amos
• Economy , Local News , News
• March 5, 2025
• 449 views
• 2 minutes Read

February 2025 Sees Slight Dip in Inflation, Dropping to 23.1%

Inflation for February 2025 showed a slight decline, dropping to 23.1 percent from January’s 23.5 percent, driven primarily by a 1.8 percent reduction in food inflation. Government Statistician Prof. Samuel Kobina Annim, speaking at a press briefing, attributed the marginal decrease to a consistent downward trend in food inflation over the past four months. He noted that food inflation has fallen by 2.0 percentage points between November 2024 and February 2025, marking a steady decline. Prof. Annim highlighted that the annual inflation rate for February was the third-highest recorded in the last 10 months. Food inflation for February stood at 28.1 percent, down from 28.3 percent in January, reflecting a month-on-month drop of 1.8 percent. Despite the overall decline, certain food categories saw price increases, including vegetables, tubers, cooking bananas, and pulses (28.1 percent), ready-made food and other food products (45.5 percent), cereals and cereal products (38.6 percent), and fish and seafood (26.5 percent). Non-food inflation also saw a slight decrease, falling to 18.8 percent in February from 19.2 percent in January, representing a month-on-month decline of 0.9 percent. Regionally, the Upper West Region recorded the highest food inflation at 49.8 percent and the second-highest non-food inflation at 24.0 percent. The Savannah Region followed closely, with a food inflation rate of 48.6 percent for February 2025. The data underscores the ongoing challenges in managing inflation, particularly in food prices, while also reflecting regional disparities in economic conditions. The consistent decline in food inflation offers a glimmer of hope, but the persistent price increases in certain categories and regional variations highlight the complexity of addressing inflationary pressures. Click on the link to join the Metascholar News channel for curated, meaningful stories tailored just for YOU: https://t.me/metascholarworkshopsltd