Regional Inflation Gaps Highlight Uneven Economic Strain

Regional Inflation Gaps Highlight Uneven Economic Strain

Ghana’s Consumer Price Index (CPI) for March 2025 shows a year-on-year inflation rate of 22.4%, but regional variations reveal stark economic inequalities for consumers. The CPI rose to 256.5 in March 2025 from 209.5 the previous year, emphasizing major differences in cost-of-living increases across the nation.

The Upper West region experienced the steepest price surge, with an inflation rate of 36.2%, driven largely by significant hikes in food and essential goods. Conversely, the Volta region recorded a much lower rate of 18.9%, indicating a relatively milder inflationary environment.

In February, the Upper West region’s inflation was 35.5% while the Volta region was 18.1%, a gap of 17.4 percentage points. In March, Upper West increased to 36.2% and Volta region to 18.9%, making the gap 17.3 percentage points.

📢 GET A DETAILED ARTICLES + JOBS

Join SamBoad's WhatsApp Channel and never miss a post or opportunity.

📲 Join the Channel Now

The pronounced regional divergence underscores the need for tailored economic policies. While the overall month-on-month inflation remains modest at 0.2%, the data suggest that targeted interventions are essential to mitigate the adverse impacts of rising prices, particularly in the most affected areas. Addressing these disparities will be crucial in safeguarding household budgets and ensuring a more balanced economic recovery across all regions.

Source: The High Street Business

Disclaimer: Some content on The High Street Business may be aggregated, summarized, or edited from third-party sources for informational purposes. Images and media are used under fair use or royalty-free licenses. The High Street Business is a subsidiary of SamBoad Publishing under SamBoad Business Group Ltd, registered in Ghana since 2014.

OTHERS READING:  Ghana Stock Market Shows Mixed Signals as Trading Volumes Plunge — What the February 5, 2025 Performance Really Means

For concerns or inquiries, please visit our Privacy Policy or Contact Page.

Leave a Reply

Your email address will not be published. Required fields are marked *