Inflation had gone up marginally, recording 23.5% for January 2024.
This follows five consecutive months of decline with an inflation of 23.2% in December 2023.
According to data from the Ghana Statistical Service (GSS), the increase in year-on-year inflation was influenced by a sharp surge in non-food items.
This included housing, clothing and transport while non-food inflation increased to 20.5% in January 2024 from 18.7% in December 2023.
Food inflation, however, continued to decline. It fell marginally to 27.1% in January 2024 from 28.7% in December 2023.
For the month-on-month inflation, food inflation stood at 1.6%, whilst non-food inflation was estimated at 2.4%.
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%.
They included 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%).
A Business Desk Report