Inflation for January 2025 declines slightly to 23.5%

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Inflation for January 2025 declined slightly from 23.8% in December 2024 to 23.5%.

Food inflation continues to rise, recording 28.3% in January 2025, up from 27.8% in December 2024.

However, non-food inflation decreased to 19.2% in January.

Additionally, inflation for locally produced items declined to 25.7% in January 2025, compared to 26.4% in December 2024.

Inflation for imported items saw a marginal increase, rising to 18.4% in January, compared to 17.9% in December 2024.

Alcoholic beverages, tobacco, and narcotics recorded inflation of 27.2%.

Food and non-alcoholic beverages also recorded 28.3%, while housing, water, electricity, gas, and other goods had 24.6%. These divisions recorded higher inflation than the national average.

The Western region recorded the highest regional inflation rate at 49.9%.

Meanwhile, the Volta region had the lowest regional inflation rate at 18.0%.

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