October 2023 inflation drops to 35.2%

November 14, 2023 / Comments (0)

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The year-on-year Inflation for the month of October 2023 fell to 35.2% from the 38.1% recorded in September 2023.

Data from the Ghana Statistical Service showed that the decrease in the general inflation rate can be attributed to the marginal drop in food inflation.

Food inflation in the period was 44.8 percent, while non-food was 27.7 percent

In addition, Inflation for locally produced item was 34.4 percent while imported items was at 34.4 percent from 37.4 percent in last month.

Eastern Region recorded the highest rate of food inflation while Upper East region recorded the lowest rate.

Source: myjoyonline.com

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