Inflation rate for February 2022 hits 15.7 percent, say GSS

KUMASI, 10th March, (Futball Surgery)– The Ghana Statistical Service (GSS) has said inflation rate for February 2022 was 15.7 percent.

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The Ghana Statistical Service (GSS) has said inflation rate for February 2022 was 15.7 percent.

Food inflation for February 2022 was 17.4%, indicating 2.9 percentage point inflation higher than non-food (14.5%).

Food inflation for February 2022 recorded a 3.7 percentage point increase compared to January 2022.

Food inflation for February 2022 recorded a 6.6 percentage point increase in relative to the average over the last 12 month March 2021 to February, 2022.

Non-Food inflation for February 2022 recorded a 3.8 percentage point increase in relative to the average over the last 12 month March 2021 to February. 2022

Month-on-Month food inflation (3.2%) surpassed non-food inflation (1.7%) by 1.5 percentage points

Variation in locally produced items (16.7%) and imported items (12.9%) for January 2022 was 3.8 percentage points.