The Ghana Statistical Service has revealed that Ghana’s annual inflation rate for February 2023 dropped to 52.8 percent.
The month-on-month inflation rate between January and February 2023 was 1.9 percent.
The Government Statistician, Professor Samuel Kobina Annim, who made this known, said on Wednesday, March 15, 2023, and added that this means that in the month of February 2023, the general price level was 52.8% higher than in the same period in 2022.
Food inflation has dropped to 59.1 percent, with 61.0 percent forecast for January 2023.
Inflation for locally produced items was 49.0%, while it was 62.3% for imported items.
The government statistician also disclosed that non-food inflation stood at the same rate as the previous month at 47.9 percent.
The month – on -month non- food inflation was 1.7 percent.
The Western North Region recorded the highest inflation of 63.6%, with the Volta region maintaining its record of having the lowest regional inflation of 35.4%.