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Ghana ends its inflation rate for 2019 at 7.9percent

The year-on-year inflation rate in Ghana according to the Ghana Statistical Service (GSS) has ended at 7.9 in December 2019.

Ghana ends its inflation rate for 2019 at 7.9percent

This is 0.3 percentage points lower than the 8.2% registered in November 2019.

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The reduction, according to the GSS, was due to a decrease in price levels of Vegetables and Fish.

According to the figures, food inflation registered an inflation rate of 7.2% in December 2019, 1.2% lower than the previous month.

Non-food inflation was however 8.5%, up from 8.0% recorded in November 2019.

Inflation of imported goods was however 6.1%, while the inflation of local goods was 8.7% on average.

This is the highest rate for local inflation and the lowest rate of inflation for imported goods since August 2019.

Ashanti region recorded the lowest year-on-year inflation rate of 5.0 percent whilst the Greater Accra region recorded the highest rate of inflation of 12.0% (basically due to Xmas festivity).

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