Home / BUSINESS NEWS / Inflation Rate For January 2023 Drops Marginally To 53.6%

Inflation Rate For January 2023 Drops Marginally To 53.6%

Spread the love

The year-on-year rate of inflation for January 2023 was 53.6%, latest figures from the Ghana Statistical Service (GSS) have shown.

This means that in the month of January 2023 the general level of prices was 53.6% higher than in January 2022.


This is a 0.5 percentage-point drop relative to the rate recorded for December 2022. The year-on-year inflation rate for December 2022 was 54.1%.

It is the first time in the past 19 months that there has been a reversal of the year-on-year rate of increase for inflation.

See also  All Momo Agent Accounts Not Linked To Ghana Cards To Be Blocked On Thursday

Month-on-month inflation between December 2022 and January 2023 was 1.7%.


Food inflation (up 0.437 points) was 61%, as compared with December’s rate of 59.7%. Non-food inflation (up 0.563 points) was 47.9%, compared with the figure for December of 49.9%.

Inflation on prices of locally produced items was 50% and for imported items it was 62.5%.



Thanks for reading from MyGhanaMedia.com as a news publishing website from Ghana.


Source:  MyGhanaMedia.com



  Follow us on Twitter: https://twitter.com/MyGhanamedia2?t=a-5oaraqzZRzwVlU7c_2aw&s=09

Please subscribe to our YouTube channel :  https://youtube.com/@mgmtv113
There are four types of content published on MyGhanaMedia.com daily: curated content; syndicated content; user-generated content; and original content.


See also  Expect Prices Of Books To Increase – GNAAP To Schools And Parents




Send your news stories to myghanamedia@gmail.com and Chat with us via WhatsApp on +233 200818719




About Adwenpa-Hene

we publish on Entertainment, Sports, Politics, Lifestyle, and Technology. You can also follow Us on : YouTube Channel - My Ghana Media TV, Facebook - MyghanaMedia TV , Twitter - @MyGhanamedia2 & Instagram - My Ghana Media TV. Email Address: myghanamedia@gmail.com Contact Us: 0200818719

Check Also

COPEC Warns Of Looming Fuel Shortage

Spread the love The Chamber of Petroleum Consumers (COPEC) is predicting an imminent fuel shortage …