Ghana’s inflation rate drops

The inflation rate in Ghana for the month of January 2023 dropped marginally to 53.6% in from 54.1% recorded in December 2022, The Ghana Statistical Service announced on Wednesday, February 15.

Food inflation inched up to 61.0% in January 2023, from 59.7% recorded in December 2022.

Non-food Inflation declined to 47.9% in January 2023, from 49.9 % recorded in December 2022.

Transport inflation fell for the first time in several months due to the reduction in fuel prices during the period. Prices of non-food items also declined during the period.

According to the figures, five divisions registered inflation higher than the national average.

They are Furnishings, household equipment (71.7%); Housing, water, electricity, gas and other (71.1%); Transport (68.8%); Personal care, social protection and miscellaneous services (63.1%) and Food and non-alcoholic beverages (61.0%).

By 3News.com