The inflation rate fell for the fifth consecutive month to 23.2 percent in December 2023, compared to 26.4 percent in November, the Ghana Statistical Service said on Wednesday.
This means that in December 2023, the general price level was 23.2 percent higher than in December 2022.
Month-on-month inflation between November 2023 and December 2023 was 1.2 percent.
The Government Statistician, Professor Samuel Kobina Annim, who revealed these figures at a press briefing on Wednesday, said the consumer price index for December 2023 was 200.6 relative to 162.8 for December 2022.
According to Professor Annim, month-on-month inflation stood at 1.2 percent, signaling a 0.3 percentage point downward shift between November and December 2023.

He further revealed that food inflation was at 28.7 percent in December, compared to 32.2 percent the previous month, with month-on-month food inflation at 1.3 percent.
Meanwhile, non-food inflation was also down at 18.7 percent, compared to 21.7 percent in November. The month-on-month non-food inflation stood at 1.0 percent.

The government statistician disclosed that inflation for imported items was 29.1 percent compared to that for locally produced items, which was 23.8 percent.

On a regional basis, the Eastern Region recorded the highest inflation rate of 35.2%, while the Greater Accra Region had the lowest inflation rate of 16.0 percent.