Inflation Hops To 50.3%

Data from the Ghana Statistical Service (GSS) shows that the inflation rate for November 2022 has risen to 50.3% from 40.4% recorded in October.

On month-on-month inflation, GSS said it was 8.6%.

Food recorded an inflation of 55.3% with a non food inflation record of 46.5%.

Inflation for locally produced items was 48.3% whereas inflation for imported items was 55.1%.

Housing, water, electricity, gas and others; furnishing and household equipment; transport; personal care, and social protection; and food and non alcoholic beverages drove the November inflation rate.

They recorded inflation rates higher than the national average.

Regionally, the Eastern region recorded the highest inflation rate (63.3%).

The highest food inflation was recorded in the Central region at 71.7%.

Source: opemsuo.com/Hajara Fuseini