Ghana’s inflation rate for January 2025 saw a slight decline, easing to 23.5% from 23.8% recorded in December 2024.
Despite the overall decrease, food inflation continued to climb, reaching 28.3% in January, up from 27.8% the previous month. In contrast, non-food inflation saw a decline, falling to 19.2% during the same period.
Inflation for locally produced goods also dropped, registering 25.7% in January compared to 26.4% in December. However, inflation for imported goods edged up slightly to 18.4% from 17.9% in the previous month.
Among key expenditure categories, alcoholic beverages, tobacco, and narcotics recorded an inflation rate of 27.2%, while food and non-alcoholic beverages stood at 28.3%. The housing, water, electricity, gas, and other fuels category recorded an inflation rate of 24.6%, all exceeding the national average.
Regionally, the Western Region had the highest inflation rate at 49.9%, while the Volta Region recorded the lowest at 18.0%.
SOURCE: Joy Business
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