Ghana’s inflation witnessed a marginal uptick from 23.2 to 23.5 percent for January 2024.
This is a reversal of the consecutive declines recorded between July and December 2023.
This slight acceleration in consumer prices is attributable to the increase in Non-food inflation drivers such as accommodation and clothing.
However, Food inflation continued to ease during the period under review.
This unexpected increase comes barely a month after the Central Bank reduced its monetary policy stance by a hundred basis point on the back of the fall in inflation figures.
On a regional basis, the Eastern Region recorded the highest rate of inflation of 37.1% driven by food prices.
The Greater Accra Region on the other hand posted the lowest rate of inflation of 18%.
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CitiBusiness
