Thu. Mar 23rd, 2023

According to the professor, Ghana’s true current inflation rate is 101.74%, or 1.9% higher than the “official” rate.

Today, I measure inflation in Ghana at a staggering 101.74%/yr, ~1.9x the ‘official’ rate,” Mr Henke posted on Twitter.

This was the first minor decline in a 19-month upward trend.

The fall was for the month of January 2023.

According to the GSS, monthly inflation was 1.7% between December 2022 and January 2023.

In addition, food inflation in January was 59.7%.

Food inflation was 2.8% month on month, while non-food inflation was 47.9% (0.563).

Non-food inflation in January was 49.9%.

Non-food inflation was 0.8%, with locally produced items experiencing 50.0% inflation.

Imported goods were also subject to 62.5% inflation.

On a regional level, the Eastern Region had the highest year-on-year inflation rate of 66.2%, while Greater Accra had the lowest at 65%.


By Playhaus

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