After a 19-month rise, inflation dropped for the second time in 2023, to 52.8%.
This indicates that the general price level was 52.8% higher in February 2023 than it was in February 2022, which is a 0.8 percentage point decrease in inflation from January 2023.
This was included in the data that the Ghana Statistical Service (GSS) published on March 15, 2023, on Wednesday.
According to the data, non-food inflation was 47.9%, while food inflation was similarly 59.1
Government statistician Prof. Samuel Kobina Annim said in a statement to the media during a press briefing that the nation has maintained the reversal in the higher trends in inflation that were documented for the majority of 2021 and 2022.
According to regional inflation statistics, the Volta Region had the lowest inflation rate (35.4%), while Western North had the highest inflation rate (66.6%) and the greatest inflation for food (77.3%).
The Greater Accra region experienced the highest rate of inflation—60.1%—while the Volta region experienced the lowest—35.4%. Inflation rates were 43.3% in Ashanti and 49.2% in Western.
Inflation on prices of locally manufactured goods also decreased to 49.0% from 50% in January 2023, while it was 62.3% for imported goods from 62.5% in January. Inflation rates were 43.3% in Ashanti and 49.2% in Western.
The inflation rate for locally manufactured goods decreased to 49.0% from 50% in January 2023, and it was 62.3% for imported goods from 62.5% in January.
