“Today, I measure inflation in Ghana at 101.74%/year, ~1.9x the ‘official’ rate,” Mr. Henke posted on Twitter.
He opined that the Ghana Statistical Service, “only produces garbage”.
Ghana’s inflation rate, according to the GSS, recently dropped from 54.1% to 53.6%.
This was the first marginal decline against a 19-month upward trajectory.
Fall is in January 2023.
According to GSS, monthly inflation between December 2022 and January 2023 is 1.7%.
Also, food inflation for January was 59.7%.
Monthly food inflation is 2.8% while non-food inflation (0.563) is 47.9%.
January non-food inflation was 49.9%.
Monthly Non-Food Inflation was 0.8% with inflation for locally produced goods pegged at 50.0%.
Inflation for imported goods is also 62.5%.
At the regional level, the Eastern Region recorded the highest year-on-year inflation of 66.2% while Greater Accra followed with 65% inflation.