• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Inflation records marginal 0.3% increase to hit 23.5% in January 2024

2 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
142
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Inflation records marginal 0.3% increase to hit 23.5% in January 2024

Data from the Ghana Statistical Service reveals that inflation went up marginally by 0.3% to hit 23.5% in January 2024.

This is from the previous figure of 23.2% inflation rate recorded in December 2023.

According to the GSS, the increase in year-on-year inflation was influenced by a sharp surge in non-food items including housing, clothing, and transport.

Non-food inflation increased to 20.5% in January 2024 from 18.7% in December 2023.

Food inflation, however, continued to decline as it fell marginally to 27.1% in January 2024 from 28.7% in December 2023.

For the month-on-month inflation, non-food inflation was estimated at 2.4% whilst food inflation stood at 1.6%.

RelatedPosts

Nigeria’s Finance Ministry Form Team to Study Stablecoin Adoption

The $15 Trillion African Alliance: How Pierre Goudiaby Atepa is Proving his IMF Friend Wrong

No 7% Tax on Visa and Mastercard Transactions — NorvanReports Investigation Debunks Social-Media Claims

 

Per the GSS, seven divisions recorded inflation rates higher than the national average. They are Alcoholic Beverages, Tobacco and Narcotics (38.5%); Personal Care, Social Protection and Miscellaneous Goods and Services (32.0%); Restaurants and Accommodation Services (29.2%); Furnishings, Household Equipment and Routine Household Maintenance (27.7%) Food and Non-Alcoholic Beverages (27.1%); Health (26.6%) and Recreation, Sports and Culture (24.9%).

For Food inflation, 10 out of 15 Sub-Class registered inflation above the overall food inflation of 28.7% and they include Cocoa Drinks (73.5%); Tea and related products (71.2%); Vegetables, Tubers, Plantain, Cooking, Banana and Pulses (35.8%) and Coffee and coffee substitutes (33.2%).

 

With regards to inflation across the 16 regions, the Eastern Region recorded the highest rate of inflation of 37.1% driven by food prices, whilst the Greater Accra Region registered the lowest rate of inflation of 18%.

Tags: inflationInflation records marginal 0.3% increase to hit 23.5% in January 2024
No Result
View All Result

Highlights

World Bank President Ajay Banga Outlines Jobs-Focused Development Strategy at 2025 Annual Meetings

World Bank’s Development Committee Reaffirms Commitment to Global Growth Amid Rising Uncertainty

Global Oil Price Decline Creates Winners and Losers Across Africa

Premier League Signings: How the Big Money Moves Are Performing So Far

Ghana Premier League Matchday 6 Preview

Verstappen Claims US Grand Prix Sprint Pole with a Stunning Final Lap

Trending

Business

Nigeria’s Finance Ministry Form Team to Study Stablecoin Adoption

October 18, 2025

Nigeria’s Finance Ministry Form Team to Study Stablecoin Adoption Nigeria has established a working group to explore...

The $15 Trillion African Alliance: How Pierre Goudiaby Atepa is Proving his IMF Friend Wrong

October 18, 2025

No 7% Tax on Visa and Mastercard Transactions — NorvanReports Investigation Debunks Social-Media Claims

October 18, 2025

World Bank President Ajay Banga Outlines Jobs-Focused Development Strategy at 2025 Annual Meetings

October 18, 2025

World Bank’s Development Committee Reaffirms Commitment to Global Growth Amid Rising Uncertainty

October 18, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.