Ghana’s inflation has fallen slightly for the first time in 19 months.
According to Ghana Statistical Service data, inflation fell to 53.6% in January 2023, from 54.1% in December 2022.
Since May 2021, inflation has been rising.
This means that in January 2023, the general price level was 53.6% higher than in January 2022. Monthly inflation was 1.7% between December 2022 and January 2023.
According to the statistics service, food inflation was 59.7% last month.
Food inflation was 2.8% month on month, while non-food inflation (0.563) was 47.9%. Nonfood inflation was 49.9% last month.
Month-on-month Non-food inflation was 0.8%, with local production inflation at 50.0%. Imported goods also experienced 62.5% inflation.
On a regional level, the Eastern region had the highest year-on-year inflation rate of 66.2%, followed by Greater Accra with 65%.
According to the statistics service, food inflation was 59.7% last month.
Food inflation was 2.8% month on month, while non-food inflation (0.563) was 47.9%. Nonfood inflation was 49.9% last month.
Month-on-month Non-food inflation was 0.8%, with local production inflation at 50.0%. Imported goods also experienced 62.5% inflation.
On a regional level, the Eastern region had the highest year-on-year inflation rate of 66.2%, followed by Greater Accra with 65%.
