Inflation for the last month of December went down from 26.3% to 23.2% but food inflation stood at 28.7%.

According to the Ghana Statistical Service, this means that in December 2023, the general price level was 23.2 percent higher than in December 2022.

Also, the month-on-month inflation between November 2023 and December 2023 was pegged at 1.2 percent.

The GSS attributed the decline to food inflation which fell to 28.7% in December 2023 as compared to the 32.2% figure recorded in November 2023.

For non-food inflation, the figure dropped to 18.7% in December 2023 from 21.7% in November last year.

Meanwhile, inflation for locally produced items was around 23.8% while that for imported items was 21.9% in December 2023.

However, there were various food items whose price changes were higher than the national average.

These items were basic household and food products that Ghanaians consume daily.

They include:

Tea bags – 65.9%

Carrot – 63.5%

Country milk – 52.6%

Fresh tomatoes – 50.2%

Crab – 50.0%

Fresh cassava – 48.6%

Smoked herrings – 45.0%

Fried plantain and beans – 44.5%

Yam – 43.9%

SSD/OGB

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