The year-on year inflation rate for the month of December, 2016 was 15.4%, compared with the 15.5% recorded in November 2016.
This represent a 0.1% down from the 15.5 percent recorded in November last year.
According Ghana Statistical Services, the monthly change rate in December 2016 was 0.9% while that for November 2016 was 0.8%.
This figure represent the lowest figure since July 2014 where the inflation recorded was 15.3%.
The rate for non-food inflation for December 2016 was 18.2% compared with the 18.7% recorded in November 2016 while the food inflation rate for December 2016 was 9.7% year-on-year, compared with 9.3% recorded in November 2016.
Meanwhile the year-on-year non-food inflation rate was 18.2% which is more than one and half times that of the food inflation rate of 9.7%.
Transport, Education, Recreation and culture, Housing, water, electricity, gas and other fuels, Furnishings, household equipment and routine maintenance and Health were the main price drivers for the non-food inflation rate
Greater Accra, Brong Ahafo and Ashanti recorded inflation rates higher than the national average of 15.4%.
The Greater Accra Region recorded the highest year-on-year inflation rate of 18.2%, followed by the Ashanti and Brong Ahafo regions with 15.5% while the Volta and Northern regions recorded the lowest (13.0%).