Ghana’s inflation rises to 22.1% in October, driven by increases in food and non-food prices

Ghana’s inflation rate edged up to 22.1 percent in October, compared to 21.5 percent in September, marking the second consecutive month of rising inflation following a previous five-month decline, according to the latest report from the Ghana Statistical Service. 

This increase has been attributed to higher prices in both food and non-food categories.

Food inflation rose from 22.1 percent in September to 22.8 percent in October, while non-food inflation climbed from 20.9 percent to 21.5 percent. 

The overall monthly inflation rate slowed slightly, however, with a 0.9 percent month-on-month increase in October compared to the 2.8 percent increase seen in September.

Regionally, the Upper East recorded the highest inflation rate at 42 percent, while the Eastern Region had the lowest at 18.3 percent. 

The report also showed that locally produced goods continue to experience inflationary pressure, with an inflation rate of 23.4 percent for locally sourced items compared to 17.0 percent for imported goods.