Inflation fell marginally to 53.6% in January 2023, from 54.1% recorded in December 2022, latest data from the Ghana Statistical Service has revealed.

This is the first time in 19 months that inflation has dropped.

According to the figures, the rising food prices pushed the Consumer Price Index (CPI) up.

However, transport inflation fell for the first time in several months due to the reduction in fuel prices during the period. Prices of non-food items also declined during the period.

According to the figures, five divisions registered inflation higher than the national average.

They are Furnishings, household equipment (71.7%); Housing, water, electricity, gas and other (71.1%); Transport (68.8%); Personal care, social protection and miscellaneous services (63.1%) and Food and non-alcoholic beverages (61.0%).

Food inflation inched up to 61.0% in January 2023, from 59.7% recorded in December 2022.

Non-food Inflation declined to 47.9% in January 2023, from 49.9 % recorded in December 2022.

While, inflation for locally produced items was 50.0%, inflation for imported items was 62.5%.