Inflation for October up slightly to 22.1%
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The inflation rate for October 2024 has gone up marginally to 22.1%, compared to 21.5% in September.
The government’s statistician, Prof. Samuel Kobina Annim told the media in Accra on Wednesday that this is driven by increases in both food and non-food inflation.
The 22.1% rate for the month of October 2024 is a 0.6 percentage point increase relative to the year-on-year inflation which was recorded the previous month.
“Disaggregating overall rate of inflation from your food and non-food perspective, we did record 22.8 percent for food inflation and 21.5 percent for non-food inflation for the month of October 2024?,
“Non food inflation has also increased by 0.6 percentage point, increasing from 20.9 percent for the month of September 2024 to 21.5 percent for the month of October 2024?, Prof. Annim added.
Locally produced items went up to 24. 6% compared to the 23.4% recorded in September. Imported items saw a drop to 16.3% compared to the 17.0% recorded in October.
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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