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%.