Government Statistician Dr. Alhassan Iddrisu has announced a drop in the national inflation rate to 21.2% in April 2025, down from 22.4% in March.
Speaking at a media briefing, Dr. Iddrisu noted that food inflation declined slightly from 26.5% to 25%, while non-food inflation also eased from 18.7% to 17% over the same period.
He highlighted that this marks the fifth consecutive month of declining inflation since December 2024, with consumer prices falling by 0.8% month-on-month in April.
“Year-on-year inflation slowed to 21.2 per cent in April 2025 and this is largely driven by a moderation in both food and non-food prices, though food inflation remains elevated.”
Despite the annual slowdown, monthly inflation edged up to 0.8 per cent in April, from 0.2 per cent the previous month—an early sign of renewed upward price pressures, particularly within the food segment. “On a month-on-month basis, food inflation increased, whilst non-food inflation was maintained,” Dr Iddrisu added.
Inflation data revealed a significant disparity between locally produced and imported goods. Year-on-year inflation for domestic products stood at 22.7%, notably higher than the 17.7% recorded for imported items. On a monthly basis, inflation for local goods was double that of imports, underscoring internal supply challenges as a major contributor to rising prices.
