Ghana Inflation Unexpectedly Slows for First Time in 20 Months

Ghana’s inflation rate unexpectedly fell for the first time in 20 months in January as non-food price growth cooled.

(Bloomberg) — Ghana’s inflation rate unexpectedly fell for the first time in 20 months in January as non-food price growth cooled.

Annual inflation slowed to 53.6% from 54.1% in December, Government Statistician Samuel Kobina Annim told reporters Wednesday in the capital, Accra. The median estimate of seven economists in a Bloomberg survey was 54.3%. 

Non-food inflation slowed to 47.9% from 49.9%. 

 

–With assistance from Simbarashe Gumbo.

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