According to the latest data released by the Ghana Statistical Service, the inflation rate for December 2023 was 23.2%.
This figure shows a decrease from November 2023’s rate of 26.4%. However, a more detailed analysis reveals a nuanced situation. Certain items, such as fried plantain and beans (gorbɛ), experienced inflation rates surpassing 40%.
In particular, the price of fried plantain and beans, known as ‘gorbɛ’, surged by 44.5% in December 2023 compared to the same period in 2022.
Over just a month, from November to December 2023, gorbɛ prices increased by an average of 6.3%, contributing 1.5% to the national inflation rate.
Among the 20 items flagged by the Statistical Service for potential policy attention, tea bags, carrots, crabs, and country milk all exhibited inflation rates exceeding 50%.
This data underscores the challenges posed by considerable price hikes in essential commodities.
