Recent figures from the Ghana Statistical Service show that inflation has been on the decrease, with February’s number coming in at 23.2%.
A decline of 0.3 percentage points from January’s 23.5 percent is shown by this.
During a press event in Accra on Wednesday, Government Statistician Prof. Samuel Kobina Anim broke down the numbers, saying that the 23.2 percent represents an increase in the price of goods and services.
“The February rate of inflation fell to 23.2 percent. This year-on-year inflation signifies that over a one-year period, prices of goods and services have gone up by 23.2 percent.
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“This figure is a reversal of the marginal increase we recorded in the month of January 2024, when the slowdown that we have successfully recorded for the last seven months saw a marginal increase to 23.5 percent. In reverse, we have turned around this increase for January 2024 to a reverse of 23.2 percent.”
The General Statistics System reported that food-related inflation was 27.0% and non-food-related inflation was 20.0% in their Consumer Price Index reports.
“From a food and non-food inflation perspective, food inflation for February 2024 stood at 27.0 percent and non-food inflation for the month of February 2024 stood at 20.0 percent.”
