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Rate of inflation slows to 9.8% in November, says GSS

According to figures from the Ghana Statistical Service (GSS) this is the fourth consecutive monthly inflation fall post-COVID-19 pandemic

The year-on-year rate of inflation slowed for the fourth consecutive month to 9.8% in November compared with 10.1% the previous month, the Ghana Statistical Service (GSS) has said.

Professor Samuel Annim, the Government Statistician, who announced the rate, said the drop was the fourth consecutive monthly fall post-COVID-19.

The month-on-month inflation was 0.3%, Prof Annim said.

The food inflation rate stood at 11.7% and non-food inflation was 8.3%. Inflation in locally produced items stood at 11.5% and imported items at 5.6%.

Prof. Annim said stark variation continued to exist across regions, and source and type of items.

At the regional level, the overall year-on-year inflation ranged from 3.4% in the Upper West and Volta Regions to 15.2% in Greater Accra.

Prof. Annim said Greater Accra was the only region which recorded a food inflation rate of 13.7%.

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Source
Ghana News Agency
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