Ghana’s inflation for November increases to 8.2 percent

The year-on-year inflation rate in Ghana according to the Ghana Statistical Service (GSS) has increased to 8.2 percent in November 2019.

Ghana’s inflation for November increases to 8.2 percent

This represents a 0.5 percent increase from the 7.7 percent recorded in October, the highest since the rebased Consumer Price Index three months ago.

According to the GSS, Alcoholic Beverages, Tobacco & Narcotics (13.4%) and Transport (12.3%) were the divisions with the highest rates of inflation.

But due to its relative importance in consumption, the food category is still the main driver of inflation in Ghana – even more so than last month.

The Food and Non-alcoholic beverages division recorded a year-on-year inflation rate of 8.4%.

This is 1.4 percentage points higher than the October 2019 rate of 7.0%.

Fruits and Nuts (17.1%); Ready-made food (12.7%); Cocoa drinks (12.6%); Fruits and vegetables (12.3%); Coffee and coffee substitutes (12.2%) and vegetables (9.2%) registered inflation rate higher than the national average.

However, the Non-food year-on-year inflation for November 2019 was 8.0%, down from the 8.2% recorded in October 2019.

Inflation for locally-produced items was 8.4% while inflation for imported items was 7.5%.

For the regions, Greater Accra (12.8%), Central (10.0%) and Volta (9.5%) recorded inflation rates above the national average of 8.2%.

The Upper East Region, however, recorded the lowest year-on-year inflation rate of 3.5%.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Amazing transformation of 21-year-old man bullied for being born different (video)

Amazing transformation of 21-year-old man bullied for being born different (video)

Abel Mutua's movie makes over Sh4M in 5 days

Abel Mutua's movie makes over Sh4M in 5 days

Vera imports Baby Diapers from US, Help rebuild Boniface Mwangi's house & other stories on #PulseUhondoMtaani

Vera imports Baby Diapers from US, Help rebuild Boniface Mwangi's house & other stories on #PulseUhondoMtaani

Sh79,000 per month jobs for Kenyans without degrees

Sh79,000 per month jobs for Kenyans without degrees

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

How Janet Mbugua's husband Eddie landed Sh240 million deal with Chinese investors

5 things you should never do to please a woman

5 things you should never do to please a woman

British MP claims she didn't know her flat was owned by the Kenyatta family

British MP claims she didn't know her flat was owned by the Kenyatta family

Janet Mbugua's husband thrown at the centre of nasty fight at Ole Sereni Hotel [Video]

Janet Mbugua's husband thrown at the centre of nasty fight at Ole Sereni Hotel [Video]

Davido and Chioma spotted together for the first time since rumoured breakup

Davido and Chioma spotted together for the first time since rumoured breakup