The inflation rate drops to 23.2%.

The government statistician Professor Samuel Annim has announced that the inflation rate for December 2023 dropped to 23.2 percent from the 26.4 percent recorded in November.Prof. Kobina Annim said on Wednesday, January 10, that food inflation recorded 28.7 percent, while non-food inflation saw an inflation rate of 18.7 percent.

Alcoholic beverages, tobacco, personal care, and narcotics, amongst others, were the major factors that contributed to the overall inflation.“Year-on-year rate of inflation for December 2023 was 23.2 percent.
This means that in the month of December 2023, the general price level was 23.2 percent higher than in December 2022,” Prof. Annim explained.