• 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
140
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

AGI Reports Improved Dollar Supply, Applauds Recent BoG FX Measures 

ECG Cancels Over 200 Contracts in Procurement Clean-Up

Harry Kane Makes History: Fastest to Reach 100 Goals for Bayern Munich

 

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

Manchester United Unveils Plans for Canopy-Free Old Trafford Upgrade

Premier League: Hearts of Oak Edge Eleven Wonders to go top

Why Women Must Be Involved In Building Flood Resilience

African Development Bank Group and Michael Bloomberg to Drive Private Investment into Africa

Bitcoin Drops to $109K as Crypto Market Loses $200 Billion

AI in Africa: 5 Issues That Must be Tackled for Digital Equality

Trending

Features

AGI Reports Improved Dollar Supply, Applauds Recent BoG FX Measures 

September 27, 2025

AGI Reports Improved Dollar Supply, Applauds Recent BoG FX Measures  The Association of Ghana Industries (AGI) has...

ECG Cancels Over 200 Contracts in Procurement Clean-Up

September 27, 2025

Harry Kane Makes History: Fastest to Reach 100 Goals for Bayern Munich

September 27, 2025

Manchester United Unveils Plans for Canopy-Free Old Trafford Upgrade

September 27, 2025

Premier League: Hearts of Oak Edge Eleven Wonders to go top

September 27, 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.