Inflation increases to 37.2% in September 2022

Inflation in Ghana increased to 37.2% in September from 33.9% in August, the Ghana Statistical Service said on Wednesday.

According to the Government Statistician Samuel Kobina Annim, the Service has shifted its reference year to 2021, from 2018, and will update historical figures.

The GSS has also adjusted the weights of regions and increased the number to cover 16 regions.

This means that in the month of September 2022 the general price level was 37.2% higher than in September 2021. The month-on-month inflation between August 2022 and September 2022 was 2.0%.

According to the GSS, five groups recorded inflation rates higher than the national average in September. They were Housing, Water, Electricity, Gas and Other fuels (68.8%); Furnishings, Household Equipment and Routine Household Maintenance (51.1%); Transport (48.6%); Personal Care, Social Protection and Miscellaneous Goods and Services (42.6%) as well as Food and Non-Alcoholic Beverages (37.8%).