Ghana records 1st consumer inflation fall in 19 months
Foreign News

Ghana records 1st consumer inflation fall in 19 months

Ghana recorded an inflation rate of 53.6 per cent in January, the first drop from the previous month since May 2021.

The January inflation rate was 0.5 percentage points lower than the 54.1 per cent recorded a month earlier, according to the Ghana Statistical Service.

“We saw a decline in non-food inflation to 47.9 per cent in January compared with 49.9 per cent in December.

“The 2.0 percentage point dip in non-food inflation led to the drop in the overall inflation rate,” Samuel Kobina Annim, a government statistician, said at a regular press briefing.

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He said that food inflation stood at 61 per cent in January, an increase from the December figure of 59.7 per cent.

Meanwhile, inflation for locally produced and imported items stood at 50 per cent and 62.5 per cent, respectively.

Ghana experienced volatility in its inflation computation last year, with the rate surging from 13.9 per cent in January 2022 to 54.1 per cent at year-end in December. (Xinhua)




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