The Inflation rate for December 2021 was 12.6%, the Ghana Statistical Service (GSS) has stated.
This is 0.4% higher than the 12.2% recorded in November 2021.
According to the GSS, the rise in inflation was determined by the increase in the non-food inflation rate.
The food inflation rate for December was 12.8% lower than the 13.1% recorded in November 2021.
But non-food inflation increased to 12.5% in December as compared to 11.6% in November 2021.
The prices of goods and services also shot up by 1.2% between November and December.
Housing, water, electricity, gas and other fuels recorded the highest inflation of 20.7% in December 2021.
Prof. Samuel Kobina Annim, the Government Statistician 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%).”
Regional inflation
The GSS also indicated that at the regional level, the overall year-on-year inflation ranged from 7.4% in the Eastern Region to 18.6% in the Upper West Region.
Eastern Region recorded the highest month-on-month inflation of (4.8%). While all regions recorded positive month-on-month inflation rates with the Upper East region recording the lowest (0.1%).
Nicholas Brown
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