In Ghana, inflation fell in January for the first time since May 2021. It was 53.6 percent in January, the first decrease from the preceding month since May 2021.
According to a recently published chart by the Ghana Statistical Service, the January rate was 0.5 percentage point lower than the 54.1 percent recorded the previous month.
“We saw a decline in non-food inflation to 47.9 percent in January compared with 49.9 percent in December. The 2.0 percentage point dip in non-food inflation led to the drop in the overall inflation rate,” At a routine news briefing, government statistician Samuel Kobina Annim stated. He said that food rate was 61 percent in January, up from 59.7 percent in December.
Meanwhile, the rates for locally manufactured and imported goods were 50% and 62.5 percent, respectively. Ghana’s calculation was volatile last year, with the rate rising from 13.9 percent in January 2022 to 54.1 percent at year’s conclusion in December.