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2021 ended with 12.6% inflation rate – GSS

The national year-on-year inflation rate was 12.6% in December 2021, which is 0.4 percentage points higher than the 12.2% recorded in November 2021, the Ghana Statistical Service (GSS) has said.

Month-on-month (November 2021 – December 2021) inflation was 1.2%.

The gap between food and non-food items has reduced to a 0.3 percentage point difference; that is 12.8% versus 12.5%, respectively.

There was parity in the month-on-month food and non-food inflation this month (1.2% vs1.2%).

Housing and transport, which include fuel, recorded the highest inflation rates of 20.7% and 17.6%, respectively.

The contribution of food and non-alcoholic beverages to the overall inflation saw a marginal decline from 47.7% in November to 45.2% in December.

Inflation for locally produced items continues to dominate imported items.

The inflation rate for the Upper West region remains high with the Eastern region recording the least.

The Ashanti region has overtaken the Northern region as the second highest.

Government Statistician Professor Samuel Kobina Annim said “for the sixth month in a row, year-on-year consumer inflation has consistently increased, going up by 4.8 percentage points between June 2021 (7.8%) and December 2021 (12.6%)”.

Source: Classfmonline.com

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