Inflation Records 0.6% Marginal Uptick to End October at 22.1%
Ghana’s headline inflation for the month of October 2024 has increased to 22.1%.
This is per recent data released by the Ghana Statistical Service (GSS) on Wednesday, November 6, 2024.
The uptick in headline inflation marks a 0.6% increase from the previous 21.5% inflation rate recorded in September 2024.
According to the GSS, food and non-food inflation went up by 22.8% and 21.5% respectively.
Also, locally produced items went up to 24.6% compared to the 23.4% recorded in September.
Imported items, however, saw a drop to 16.3% compared to the 17% recorded in October.
Addressing journalists on Wednesday, Government Statistician, Prof. Samuel Annim said, “Desegregating overall rate of inflation from food and non-food perspective, we did record 22.8% for food inflation and 21.5% for non-food inflation for the month of October 2024”.
He pointed out that food inflation has increased by 0.7% recording 22.1% in September 2024 and increasing to 22.8% for October 2024.
“Non-food inflation has also increased by 0.6% increasing from 20.9% for the month of September 2024 to 21.5% for the month of October 2024,” he added.
