By Franklin ASARE-DONKOH<\/p>\n\n\n\n
The Ghana Statistical Service (GSS), has revealed that the government missed its 2024 end-year inflation target of 15%.<\/p>\n\n\n\n
According to the GSS<\/a> headed by the Government Statistician Professor Samuel Kobina Annim, inflation for December 2024 rose slightly to 23.8%, up from 23.0% in November 2024.<\/p>\n\n\n\n
The Government Statistician explained that the rise in the December inflation was primarily driven by increases in food prices.<\/p>\n\n\n\n
This he notes marks the fourth consecutive monthly rise after a five-month decline. Food inflation jumped from 25.9% to 27.8%, while non-food inflation saw a slight decrease, from 20.7% to 20.3%.<\/p>\n\n\n\n
Government Statistician further explained that \u201cIn December 2024, average prices of goods and services went up by 23.8%, indicating that on a year-on-year basis, specifically between December 2023 and December 2024, general price levels of goods and services went up by 23.8%.\u201d<\/p>\n\n\n\n
This is against the backdrop that on a year-on-year basis November 2024 we recorded an overall rate of inflation of 23.0% indicating that on a year-on-year basis between November and December 2024 we saw a marginal increase of 0.8 percentage points for the year-on-year inflation. He added<\/p>\n\n\n\n
\u201cDdisaggregating year-on-year inflation from a food and non-food perspective, we identified a 7.5 percentage point difference between inflation for food and inflation for non-food with inflation for food standing at 27.8% in December 2024 and non-food inflation at 20.3% for December 2024.<\/p>\n\n\n\n
We have seen an increase in food inflation increasing from 25.9% to 27.8% and in contrast; we have recorded a decline in non-food inflation declining from 20.7% by 0.4 percentage points to 20.3% for December 2024,” Professor Annim maintained.<\/p>\n\n\n\n
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By Franklin ASARE-DONKOH The Ghana Statistical Service (GSS), has revealed that the government missed its 2024 end-year inflation target of 15%. According to the GSS headed by the Government Statistician Professor Samuel Kobina Annim, inflation for December 2024 rose slightly to 23.8%, up from 23.0% in November 2024. The Government Statistician explained that the rise […]<\/p>\n","protected":false},"author":7,"featured_media":180210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[24,25,2773],"tags":[],"class_list":["post-342267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","category-trending"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.gbcghanaonline.com\/wp-content\/uploads\/2021\/02\/inflation-rate.jpg?fit=1000%2C600&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.gbcghanaonline.com\/wp-json\/wp\/v2\/posts\/342267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gbcghanaonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gbcghanaonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gbcghanaonline.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gbcghanaonline.com\/wp-json\/wp\/v2\/comments?post=342267"}],"version-history":[{"count":1,"href":"https:\/\/www.gbcghanaonline.com\/wp-json\/wp\/v2\/posts\/342267\/revisions"}],"predecessor-version":[{"id":342268,"href":"https:\/\/www.gbcghanaonline.com\/wp-json\/wp\/v2\/posts\/342267\/revisions\/342268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gbcghanaonline.com\/wp-json\/wp\/v2\/media\/180210"}],"wp:attachment":[{"href":"https:\/\/www.gbcghanaonline.com\/wp-json\/wp\/v2\/media?parent=342267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gbcghanaonline.com\/wp-json\/wp\/v2\/categories?post=342267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gbcghanaonline.com\/wp-json\/wp\/v2\/tags?post=342267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}