3 inflation measures with cited sources, updated regularly.
The inflation rate in Ghana was 5.0% in August 2026, up from 4.6% in July, according to the Ghana Statistical Service. Prices still rose more slowly than a year earlier, but the disinflation that carried Ghana down to 3.2% in March has stalled. This page tracks Ghana's current inflation rate and what is driving it, from the official monthly CPI Bulletin, with the date on every figure.
Figures from the Ghana Statistical Service monthly CPI Bulletin. Latest release: August 2026, published 2 September 2026. Published by websitesgh.com.
| Measure (August 2026) | Rate |
|---|---|
| Headline inflation (year-on-year) | 5.0% |
| Food inflation | 3.0% |
| Non-food inflation | 6.8% |
| Locally produced items | 6.1% |
| Imported items | 2.2% |
| Month-on-month | -1.0% |
Source: Ghana Statistical Service CPI Bulletin, August 2026. Note the month-on-month figure: the general price level actually fell 1.0% between July and August. The headline rate is year-on-year, measured against the same month a year earlier, so the two can and here do move in opposite directions.
| Month (2026) | Year-on-year inflation |
|---|---|
| March | 3.2% (recent low) |
| April | 3.4% |
| May | 3.7% |
| June | 5.3% |
| July | 4.6% (first fall since March) |
| August | 5.0% |
The path is no longer a straight line in either direction. Inflation climbed for three months to 5.3% in June, fell back to 4.6% in July as food prices eased, then rose again to 5.0% in August. What has ended is the steep disinflation of late 2025 and early 2026, not the low-inflation period itself: 5.0% is still far below the 13.7% of a year earlier.
The August rise was led by non-food inflation at 6.8%, which accounted for 70.9% of total inflation against 29.1% for food. Food inflation was much lower at 3.0%. Within the non-food basket, transport ran at about 10.5% and housing, water and energy at about 10.2%, with clothing and footwear near 8.0% and education services at 6.6%. Locally produced items rose at 6.1% against just 2.2% for imported ones, and domestic items accounted for 86.2% of total inflation, so the pressure is overwhelmingly domestic and service-driven rather than imported. A weaker cedi exchange rate and higher fuel prices feed the transport and housing lines in particular. Regionally, Central Region recorded the highest rate at 11.1% and Bono East the lowest at 3.3%.
The most recent official figure is 5.0% year-on-year for August 2026, released by the Ghana Statistical Service on 2 September 2026. The next CPI Bulletin covers September and is due at the start of October.
Neither cleanly. It fell sharply through 2025 into early 2026, bottoming at 3.2% in March, then rose for three months to 5.3% in June, fell to 4.6% in July, and rose again to 5.0% in August. The steep disinflation has stalled, but the rate is still well under half its level of a year earlier.
Food covers food and non-alcoholic beverages (about 43% of the basket); non-food covers everything else. In August 2026 non-food inflation at 6.8% accounted for 70.9% of total inflation, against 3.0% food inflation and a 29.1% share.
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