Inflation now at 7.8%

Year-on-year inflation diminished by 0.1% to 7.8% in January 2020.

Be that as it may, the month to month change between January 2020 and December 2019 was 1.4%, the most elevated since the rebasing in August 2019.

As per figures from the Ghana Statistical Service, the nourishment swelling rate was 7.8% while the non-nourishment expansion rate was 7.9%.

Expansion was high for Alcoholic Beverages, Tobacco and Narcotics (11.1%); Transport (10.5%) just as Housing, Water, Electricity and Gas Divisions (9.0%).

The differential expansion between privately created things (8.7%) and imported things (5.8%) was 2.9 rate focuses.

The figures additionally uncovered that nearby expansion has been becoming quicker than imported swelling for as far back as a quarter of a year.