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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

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

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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.

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