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Ghana’s inflation for January 2020 drops to 7.8 percent

Ghana's inflation for January 2020 drops to 7.8 percent

The year-on-year inflation rate for January in Ghana according to the Ghana Statistical Service (GSS) has decreased to 7.8 percent.

Ghana’s inflation for January 2020 drops to 7.8 percent

Ghana’s inflation for January 2020 drops to 7.8 percent

This is a 0.1 percentage points lower than the 7.9 percent recorded in December 2019.

However, the monthly change between January 2020 and December 2019 was 1.4%, the highest since the rebasing in August 2019.

According to the GSS figures, the food inflation rate was 7.8% whilst the non-food inflation rate was 7.9%.

The differential inflation between locally produced items (8.7%) and imported items (5.8%) was 2.9 percentage points.

The figures further revealed that local inflation has been growing faster than imported inflation for the past three months.

By: Naa Anyema

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