Ghana’s inflation witnessed a marginal uptick from 23.2 to 23.5 percent for January 2024.
This marks a reversal of the consecutive declines recorded between July and December 2023.
This slight acceleration in consumer prices is attributable to the increase in non-food inflation drivers, mainly accommodation and clothing.
However, food inflation continued to ease during the period under review.
This unexpected increase comes barely a month after the Central Bank reduced its monetary policy stance by one hundred basis points on the back of the fall in inflation figures.
On a regional basis, the Eastern Region recorded the highest rate of inflation at 37.1%, driven by food prices.
The Greater Accra Region, on the other hand, posted the lowest rate of inflation at 18%.