The inflation rate for the month of October is 15.8 per cent, Deputy Government Statistician Baah Wadieh has announced.
This is a drop from the 17.2 per cent recorded in September.
Inflation on imported items also went down from 18.7 per cent in September to 17.3 per cent in in October and that on locally produced items dropped too from 16.6 per cent in September to 15.1 per cent in October.
At a press conference in Accra on Wednesday November 9, Mr Wadieh said the food and non-alcohol beverages group recorded a year-on-year inflation rate of 8.7 per cent. This is 0.3 percentage point higher than the rate recorded in September.
The main price drivers for the non-food inflation were transport (27.2 per cent), education (25.8 per cent), recreation and culture (24.0 per cent), housing, water, electricity, gas and other fuels (23.1 per cent), furnishing, household equipment and routine maintenance (22.2 per cent) and health (20.9 per cent).
The non-food group recorded a year-on-year rate of 19.4 per cent in September, compared to 21.6 per cent recorded in September.
Source: Ghana/AccraFM.com
