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!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

Top 10 happiest countries in Africa in 2022

Top 10 happiest countries in Africa in 2022

Here are the top 10 cities in Africa where the most rich people live

Here are the top 10 cities in Africa where the most rich people live

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

These 6 countries have the highest unemployment rates in Africa

These 6 countries have the highest unemployment rates in Africa

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Top 10 African countries with the highest corporate tax rates

Top 10 African countries with the highest corporate tax rates

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match