The country’s year-on-year inflation rate dropped to 23.5 per cent in January 2025 from 23.8 per cent in December 2024.
This shows a disinflation of 0.3 percentage points relative to the inflation rate recorded in January 2024.
On month-on-month, the rate of inflation fell to 1.7 per cent in January 2025 from 1.8 per cent in December 2024.
The Government Statistician, Professor Samuel K. Annim, who disclosed this at a news conference in Accra yesterday, said food inflation drove the January 2025 inflation rate.
He said food inflation year-on-year rose to 28.3 per cent in January 2025 from 27.8 per cent in December.
The Government Statistician again stated that food inflation month-on-month fell to 2.0 per cent in January 2025 from 2.8 per cent in December 2024.
Prof. Annim further indicated that on month-on-month, non-food inflation remained flat at 1.4 per cent between December 2024 and January 2025.
Year-on-year food inflation, he stated, was driven by vegetables, tubers plantain, cooking bananas and pulse which recorded an inflation rate of 46.0 per cent and month-on-month too, vegetables, tubers, plantain cooking bananas drove food inflation.
“Yam which recorded year-on-year inflation rate of 72.9 per cent and fresh tomatoes with year-on-year inflation rate of 43.3 per cent and month-on-month of inflation rate of 4.7 per cent and 6.5 per cent drove food inflation,” Prof. Annim stated.
The Government Statistician also said non-food inflation fell to 19.2 per cent in January 2025 from 20.3 per cent in December 2024, which represents a decrease of 1.4 per cent.
Additionally, under non-food, he explained that food and non-alcoholic beverages (28.3 per cent), alcoholic beverages, tobacco and narcotics (27.2 per cent), housing, water, electricity, gas and other fuels (24.6 per cent) recorded inflation rate above the national average of 23.5 per cent.
Information and communication services (3.6 per cent), education services (6.6 per cent), insurance and financial services (0.4 per cent) furnishings, and household equipment and routine maintenance (3.2 per cent), the Government Statistician said recorded inflation rate below the national average.
Moreover, Prof. Annim stated that inflation for locally produced items fell to 25.7 per cent in January 2025 from 26.4 per cent in December 2024, while inflation for imported items rose marginally to 18.4 per cent in January 2025 from 17.9 per cent in December 2024.
On regional inflation, Upper West recorded the highest year-on-year rate of inflation at 34.3 per cent, while Volta Region recorded the lowest year-on-year inflation rate of 17.1 per cent.
On regional food inflation, Upper West recorded the highest year-on-year food inflation of 49.9 per cent, while Volta Region recorded the lowest year-on-year food inflation of 18.0 per cent.
On month-on-month non-food inflation, Upper East recorded the highest non-food inflation of 32.7 per cent while Bono East the lowest non-food rate of inflation rate of 12.5 per cent.
BY KINGSLEY ASARE
Politics6 months ago
