Ghana’s inflation hits 54.1 per cent in December 2022
Food inflation rose to 59.7 per cent from previous month’s food inflation of 55.3 per cent with the month-on-month food inflation at 4.1 per cent.
Story by GNA
Accra, Jan. 11, GNA – Ghana’s inflation accelerated to 54.1 percent in December, up from 50.3 percent in November 2022 as food costs surged, the Ghana Statistical Service said on Wednesday.
The month-on-month inflation rate between November and December 2022 was 3.8 percent.
Professor Samuel Kobina Annim, the Government Statistician, said this meant that in the month of December 2022, the general price level was 54.1 percent higher than in December 2021.
Food inflation rose to 59.7 percent from the previous month’s food inflation of 55.3 percent with the month-on-month food inflation at 4.1 percent.
The non-food inflation rose to 49.9 percent from 46.5 percent in November. The month-on-month non-food inflation was 3.6 percent.
The Government Statistician said inflation for locally produced items was 51.1 percent while inflation for imported items was 61.9 percent.
The Greater Accra region overtook the Eastern region to record the highest regional inflation rate of 66.7 percent, meanwhile, the Volta Region maintained the record of having the lowest regional inflation rate of 35.6 percent.
GNA