The price of a fixed basket of goods and services on Ghana's markets have seen a significant increase as January Consumer Price Index (CPI) hit 13.9%.
The Ghana Statistical Service said the 13.9% CPI for January 2022 represents a 1.3% increase the price of goods and services since December 2021.
In December last year (a month prior to the January 2022 CPI), the general prices of goods and services was 12.6% higher than the base year, 2018.
The Statistical Service issued the figures at a press conference in Accra on Wednesday, February 9, 2022.
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The GSS explained that the month-on-month inflation between December 2021 and January 2022 was 2.1%.
Government Statistician, Professor Samuel Kobina Annim, said Housing, Water, Electricity, Gas, other Fuels and Transport recorded inflation rates above the national average of 13.9% with Housing, Water, Electricity, Gas and other Fuels, (28.7%) recording the highest inflation.
He said at the regional level, the overall year-on-year inflation ranged from 6.9% in the Eastern Region to 18.4% in the Greater Accra Region.
He noted that the Greater Accra Region recorded the highest month-on-month inflation (5%) with the Upper West region recording a negative month-on-month inflation rate in January 2022 (-1.0%).