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Inflation rate drops again, records 52.8% in February

Inflation rate drops again, records 52.8% in February

The Ghana Statistical Service (GSS) has announced on Wednesday, March 15 that the inflation for the month of February 2023 was 52.8%, a drop from the 53.6 recorded in January 2023.

Five divisions recorded inflation rates higher than the average.

They are Transport (70.3%);

Furnishings Household Equipment (69.8%); Housing,

Water, Electricity, Gas and Other Fuels (69.6%);

Personal care, Social Protection and Miscellaneous Services (62.5%)

Food and non-Alcoholic Beverages (59.5%).

For food inflation, Fruits and Vegetables recorded the highest inflation of 92.5%, whilst Cocoa Drinks recorded no inflation.

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