Prime News Ghana

Inflation drops for third consecutive month

By Vincent Ashitey
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The rate of inflation in the country has dropped for the third consecutive month as the Ghana Statistical Service (GSS) has pegged the October rate at 35.2 percent

This represents a 2.9 percentage point decrease from the 38.1% recorded in September.

The Consumer Price Index (CPI) data, released by the Ghana Statistical Service on Tuesday, 14 November 2023, provides insights into the country's inflation dynamics.

According to the report, food inflation in the period was 44.8 percent, while non-food was 27.7 percent

In addition, Inflation for locally produced item was 34.4 percent while imported items was at 34.4 percent from 37.4 percent in last month.

Eastern Region recorded the highest rate of food inflation while Upper East region recorded the lowest rate.