Headline Inflation for September 2020 fell marginally by 0.1 percentage points to 10.4 per cent from a previous rate of 10.5 per cent recorded in August 2020.
The Ghana Statistical Service (GSS) attributed the slight fall to reductions in prices of some food stuffs.
Month-on-month inflation between August and September was however -0.2 per cent.
Average month-on-month inflation prior to Covid-19 was 0.7 per cent with inflation rate averaging 0.9 per cent between April and July.
According to the GSS, only two of the 13 Divisions had higher than average inflation rates. They were Housing, Water, Electricity and Gas (20.3 per cent) and Food and Non-Alcoholic Beverages (11.2 per cent) with Non-Food inflation remaining at 9.8 per cent.
Within the Food Division, Vegetables (18.9 per cent) was the Subclass with the highest rates of inflation.
Health, Restaurants and Accommodation Services and Information and Communication, were three divisions that recorded higher month-on-month inflation rates between August and September 2020 than on average during the months April to July 2020 and before COVID-19.
The inflation of imported goods was 5.1 per cent, while the inflation of local goods was 12.3 per cent on average. Month-on-month inflation for imported goods was however 0.4 per cent, while month-on-month inflation for local goods was -0.5 per cent.
The main contributor to the negative local inflation was the inflation of locally produced foods.
With respective to regional inflation, the Greater Accra region continued to record the highest rate of inflation – 14.2 per cent, whilst the Upper West region recorded the lowest inflation rate of 1.3 per cent.
The GSS noted that most regions recorded a lower year-on-year inflation this month compared to previous months.
