Dr. Alhassan Iddrisu
The annual inflation rate rose marginally to 3.4 percent in April 2026 from 3.2 percent recorded in March, driven largely by higher non-food prices, particularly fuel-related costs.
The latest figures showed that non-food inflation accelerated to 4.2 percent in April from 3.9 percent the previous month, while food and non-alcoholic beverage inflation eased slightly to 2.2 percent from 2.3 percent in March.
On a month-on-month basis, the Consumer Price Index (CPI) increased by one percent in April, representing the strongest monthly rise since February 2025. This compares with the modest 0.1 percent increase recorded in March.
The data also indicated that the overall CPI rose to 264.80 points in April from 264.40 points in March.
Dr. Alhassan Iddrisu, the Acting Government Statistician, attributed the increase in non-food inflation largely to rising fuel prices and transportation costs, which continued to exert pressure on household expenditure despite moderation in food inflation.
The transport component of the CPI rose to 213.50 points in April from 212.90 points in March, while the housing and utilities index climbed to 343.10 points from 340.40 points over the same period.
Dr. Iddrisu said inflation in the country is heavily influenced by food prices, as food and non-alcoholic beverages account for about 43 percent of the total CPI basket.
Housing and utilities, as well as transport, each account for 10 percent, while clothing and footwear contribute 8 percent.
Other components of the CPI basket include education, restaurants and accommodation services, alcoholic beverages and tobacco products, information and communication, recreation, health, insurance and financial services.
By Ernest Kofi Adu