Ghana, Egypt announce December inflation data as Nigeria awaits figure

Ghana and Egypt have announced their inflation figures for December 2024 as Nigeria awaits its own release.

Samuel Kobina Annim, statistician at the Ghana Statistical Service (GSS), said the country’s December consumer inflation rate rose to 23.8 percent, up from 23 percent in November.

According to him, this is the fourth consecutive month Ghana’s inflation accelerated and the highest in the last eight months.

“The rate of inflation… is the third highest in the last 13 months and the highest in the last eight months,” Annim said while speaking to journalists on Wednesday.

In contrast, Egypt’s inflation rate decelerated to 24.1 percent in December 2024 from 25.5 percent.

The country’s Central Agency for Public Mobilization and Statistics said that December inflation data is the lowest in two years.

This comes as Nigeria expects to release its December Consumer Price Index and inflation data between the 14th and 15th of January, 2025.

Media Talk Africa reports that Africa’s most populous country’s inflation has been on a steady rise in the past months, standing at 34.60 percent in November, 2024.

This comes amid a persistent rise in the prices of food, which stood at 39.93 percent in November, according to the National Bureau of Statistics.

While Nigerians await NBS’s latest inflation data, Media Talk Africa reported days ago that the agency’s website had remained inactive since it was hacked last year on December 18.