Ghanaians
Ghanaians

Annual headline Consumer inflation slumped 0.4 percentage points to 9.0 percent in January compared with the 9.4 percent recorded in December, according to data released here on Wednesday by the Ghana Statistical Service (GSS).

The monthly change rate was also 1.0 percent during the month under review, compared with the 1.1 percent recorded the previous month.

Ghana’s consumer inflation with 2012 as the base year for the current basket takes into account food and non food inflation.

Food inflation fell to 8.0 percent last month compared with the 8.7 percent recorded in December, and non-food inflation similarly fell to 9.5 percent during the month under review from the previous 9.8 percent.

“The inflation rate for imported items was 10.8 percent in January 2019 compared to the 11.1 percent recorded in December 2018

“The inflation rate for locally produced items was 8.3 percent in January 2019 compared to the 8.7 percent recorded in December 2018,” Daniel Kombat Acting Government Statistician announced.

Kombat explained: “The figures reflect the general relatively lower rate of price increases on the market.” Enditem

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