Ghana’s annual consumer inflation rate accelerated to a new 22-year high of 54.1 percent in December 2022, up from 50.3 percent in November.
The government statistician for Ghana, Samuel Kobina Annim announced this at a media briefing on Wednesday.
The latest inflation rate is the highest since April 2001, when it was at 59.7 percent.
Ghana’s statistics office attributed the hike to steep increases in food, transport, and housing costs.
It said prices rose the most in the category of housing, water, electricity, gas, and other fuels, increasing to 82.34 percent year-on-year.
Furnishings and household equipment came second at 71.52 percent, followed by transport at 71.42 percent, then personal care, social protection, and miscellaneous goods and services at 60.94 percent.
The agency said inflation for food and non-alcoholic beverages rose to 59.71 percent year-on-year.
It added that inflation for locally produced items was 51.1 percent, while that of imported items stood at 61.9 percent.
Since last year, the West African country has been battling an economic crisis.