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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
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