Ghana’s inflation falls from 54.1% to 53.6%

The inflation rate in Ghana has decreased from 54.1% to 53.6%.

This little decline occurs after a 19-month increasing trend.

The month of January 2023 is the fall.

The Ghana Statistical Service reports that between December 2022 and January 2023, monthly inflation was 1.7%.

Moreover, January’s food inflation rate was 59.7%.

Food inflation from one month to the next was 2.8%, and non-food inflation (0.563) was 47.9%.

Non-food inflation in January was 49.9%.

Month-on-month the inflation rate for non-food products was 0.8%, while the rate for locally manufactured goods was 50.0%.

Also 62.5% of imported goods went up in price.

Regionally, Greater Accra had an inflation of 65% while the Eastern Region had the greatest year-over-year inflation of 66.2%.

Source: Ghanatodayonline.com