- Food Prices Dominate Inflation
Food and non-alcoholic beverages alone contributed 7 percentage points (ppt), the single biggest driver among all categories. - Divisions Account for 89% of Inflation
The top five divisions, including housing, clothing, and recreation, collectively make up a massive 89% of the inflation rate. - Housing-Related Costs Are Key
Combined, housing, water, electricity, gas and other fuels contributed 2.5 ppt, reinforcing the pressure from utility and shelter expenses. - Rent is the Top Item-Level Contributor
The payment of rent is the largest single item contributor, adding 2.3 ppt to inflation. - Electricity is Driving Household Inflation
Electricity alone added 1.2 ppt, making it the second highest inflation-driving item after rent. - Greater Accra Bears the Brunt
Greater Accra Region was the biggest regional contributor, responsible for 3.5 ppt of national inflation. - Ashanti Region Not Far Behind
Ashanti followed closely, adding 3.3 ppt, suggesting inflation hotspots are concentrated in major urban regions. - Three Items Behind 37% of Inflation
Just five specific items, including rent, electricity, refuse disposal, charcoal, and yam, make up 37% of total inflation. - Clothing and Footwear Add Up Too
Less talked about, but clothing and footwear still added 1.4 ppt, higher than many utility categories. - Top Five Regions Drive 75% of Inflation
Together, Greater Accra, Ashanti, Eastern, Western, and Central regions account for a stunning 75% of inflation, showing regional disparity in price pressures.
10 Must-Know Insights on Inflation Contributors in Ghana
Food, rent, and electricity are key inflation drivers in Ghana, with top five divisions and regions accounting for 89% and 75% of total inflation respectively
