Ghana’s inflation slows for first time in 20 months on Cedi rally

0
Prof Samuel Kobina Annim, head of Ghana Statistical Service
Prof Samuel Kobina Annim, head of Ghana Statistical Service

Ghana’s inflation rate unexpectedly fell for the first time in 20 months in January after the cedi strengthened.

Annual inflation slowed to 53.6% from 54.1% in December, Government Statistician Samuel Kobina Annim told reporters Wednesday in the capital, Accra.

The median estimate of seven economists in a Bloomberg survey was 54.3%.

According to the statistical service, last month’s Food inflation was 59.7%

Month-on-month food inflation was 2.8% while non-food Inflation (0.563) was 47.9%. Last month’s Non-food inflation was 49.9%.

Month-on-month Non-Food inflation was 0.8% with inflation for locally produced items pegged at 50.0%. Inflation for imported items was also 62.5%

On a regional level, the Eastern region recorded the highest year-on-year inflation of 66.2% while Greater Accra followed with an inflation of 65%.

SOURCE: DAILY MAIL GH

GOT A STORY?
Email Daily Mail GH: stories@dailymailgh.com or
Whatsapp: +233(0)509928122


LEAVE A REPLY

Please enter your comment!
Please enter your name here