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Shopper inflation has additional declined to 52.8 p.c in February 2023 from 53.6 p.c within the earlier month, sustaining the reversal of the worth pressures which started in January 2023.
Inflation peaked round 54.1 p.c in December, 2022, accelerating for 19 consecutive months, in response to the info from the Ghana Statistical Service (GSS).
“Now we have sustained the reversal that began final month from the upward will increase in inflation. It will likely be recalled that in January 2023, we had a reversal within the upward development from 54.1 p.c in December 2022 to 53.6 p.c for January 2023. So we now have sustained the reversal within the upward development in inflation fee that we recorded in higher a part of 2021 and 2022,” the Authorities Statistician, Prof. Samuel Kobina Annim mentioned.
Meals inflation declined to 59.1 p.c from 61 p.c in January 2023. Whereas the non-food inflation remained similar at 47.9 p.c for February, 2023.
Supply: B&FT
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