In Ghana, inflation has fallen marginally for the first time in 19 months.
According to data issued by the Ghana Statistical Service, inflation fell to 53.6% in January 2023, down from 54.1% in December 2022.
Since May 2021, inflation has been on the rise.
This suggests that the overall price level in January 2023 was 53.6% higher than in January 2022. Between December 2022 and January 2023, monthly inflation was 1.7%.
According to the statistics office, food inflation was 59.7% last month.
Food inflation was 2.8% month on month, while non-food inflation was 47.9% (0.563). Non-food inflation was 49.9% last month.
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Month-on-month Non-food inflation was 0.8%, with locally produced commodities seeing 50.0% inflation. Imported goods were likewise subject to 62.5% inflation.
On a regional basis, the Eastern region had the highest year-on-year inflation rate of 66.2%, while Greater Accra had the lowest at 65%.
SOURCE: CITINEWS
