Professor Samuel Kobina Annim — Government Statistician
Professor Samuel Kobina Annim — Government Statistician

February inflation drops to 23.2%

Inflation rate has dropped marginally from the 23.5 per cent recorded in January to 23.2 per cent in February this year.


The new rate was driven by alcoholic beverages, tobacco and narcotics, which recorded an inflation rate of 38.5 per cent.

This was followed by restaurant and accommodation services - 31.9 per cent; personal care, social protection and miscellaneous services - 30.3 per cent; health - 28.1 per cent; food and non-alcoholic - 27 per cent; recreation, sports and culture - 25.6 per cent, and furnishings, household equipment - 25.4 per cent.

The rest were housing, water, electricity, gas and other fuels - 22.9 per cent; clothing and footwear - 22.5 per cent, education services - 19.7 per cent; information and communication - 13.5 per cent, and insurance and financial services - 8.9 per cent.

Other sectors

The transport sector recorded the lowest inflation rate of 3.5 per cent.

Food inflation dropped from 27.1 per cent in January to 27 per cent in February, with non-food inflation also dropping from 20.5 per cent to 20 per cent within the same period.

Inflation for locally produced items increased from 24.2 per cent in January to 24.6 per cent last month, while that of imported items dropped from 22 per cent to 20.1 per cent within the same period.


On the regional level, the Eastern Region recorded the highest inflation rate of 36.1 per cent, with the Oti Region having the lowest rate of 13.1 per cent.

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