Inflation drops to 7.8%

Spread the word

Year-on-year inflation decreased by 0.1% to 7.8% in January 2020.

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

According to figures from the Ghana Statistical Service, the food inflation rate was 7.8% whilst the non-food inflation rate was 7.9%.

READ ALSO  We’ll define who qualifies as frontline health worker soon – Akufo-Addo

Inflation was high for Alcoholic Beverages, Tobacco and Narcotics (11.1%); Transport (10.5%) as well as Housing, Water, Electricity and Gas Divisions (9.0%).

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.

READ ALSO  IGP reassigns Kofi Boakye, others in latest police reshuffle

More soon.


Spread the word

Thriller News GH is not responsible for the reportage or opinions of contributors published on the website. Read our disclaimer.

Leave a Reply

Your email address will not be published.